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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.
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Free AccessU/E Rate Sees Rare Decline On Surprisingly Tepid Labour Supply [2/2]
- The unemployment rate offered the most hawkish surprise of the January jobs report, at 5.67% (cons 5.9) after 5.77% in Dec, for the first month it hasn’t increased on an unrounded basis since Mar’23.
- Not only was employment stronger than expected but very strong working age population growth didn’t show up in broader labour force participation.
- Population and labour force growth can see widely different month to month readings but labour force growth equivalent to just 20% of population growth over the past three months is markedly lower than other 2023 readings since population growth has surged with immigration.
To read the full story
Sign up now for free trial access to this content.
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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.