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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
- Stronger than expected labor productivity in Q4 (and Q3 after an upward revision) pushes unit labor costs to the softest quarterly growth rate since 1Q21.
- ULC growth came in at 1.07% annualized from 2.0% in Q3 (2.4% prior), helped by productivity increasing 3.04% annualized after 1.4% in Q3 (0.8% prior).
- The latter follows a particularly poor 1H22 when productivity slid an average -5% annualized, leaving productivity in level terms still 1.5% below 4Q21 having stalled through 2021 after strong gains early in the pandemic.
- Nevertheless, the surprisingly strong momentum in productivity through 2H22 helps what rate of wage growth can ultimately be seen as consistent with the 2% inflation target.
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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