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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
- The unemployment rate was stronger than expected as it increased to 4.05% in June (cons 4.0 with some skew to a 3.9 print).
- The 4.1 rounding on screens exaggerates the increase, but it's another 0.1pp increase from 3.96% in May and 3.86% in April.
- Household employment did indeed bounce, but only +116k after -408k. The labor force meanwhile +277k after -250k (all sa changes).
- The participation rate increased from 62.53 to 62.59% (as expected, cons 62.6) but it came with another fresh post-2002 high for prime age participation at 83.7%.
- Perhaps more surprisingly was no bounce in the 55+ cohort for participation, holds at a post-pandemic low for 2.1pps below pre-pandemic levels (although the continued climb in equities is certainly not hurting 401ks).
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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