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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Strong payrolls growth of 311k (cons 225k) in Feb, especially after no material downward revision to the January surge (504k vs 517k). A combined two-month revision -34k doesn’t make a dent in a 3- and 6-mth averages of 351k and 336k respectively.
- However, surprisingly large 46k contribution from govt vs 10k expected, especially after an upward revised 118k in Jan meant that Jan private payrolls growth saw more of its gloss knocked off with a -57k downward revision (2-mth -94k). It’s still running at a 3-mth av of 294k though.
- The total NFP NSA figure was less rosy, adding 1.11M jobs vs 1.67M in Feb’22. It comes after attention last month with the smallest net losses for a January since the 1990s.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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