CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US DATA: Challenger Hiring Announcements Underwhelm In Key Month

US DATA
USGlobalEM BulletFixed Income BulletsData BulletBulletMarketsEmerging Market NewsForeign Exchange BulletsRegionNorth America
  • Challenger hiring announcements for September also tally with dovish implications from the layoff data.
  • September is by far the most important month for hiring announcements in these non-seasonally adjusted, and whilst the 404k sounds huge compared to 6k in Aug and the 80k accumulated through Jan-Aug, it disappoints compared to the 590k of Sep ’23 (-32% Y/Y).
  • It surpasses the 380k of Sep’22 although that was an unusual month which was followed by an uncharacteristically large 237k in October suggesting slightly different seasonal announcements that year.
  • For a pre-pandemic comparison, it’s smaller than the 460k of Sep’19 and 596k of Sep’18.
101 words

To read the full story

Close

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.
  • Challenger hiring announcements for September also tally with dovish implications from the layoff data.
  • September is by far the most important month for hiring announcements in these non-seasonally adjusted, and whilst the 404k sounds huge compared to 6k in Aug and the 80k accumulated through Jan-Aug, it disappoints compared to the 590k of Sep ’23 (-32% Y/Y).
  • It surpasses the 380k of Sep’22 although that was an unusual month which was followed by an uncharacteristically large 237k in October suggesting slightly different seasonal announcements that year.
  • For a pre-pandemic comparison, it’s smaller than the 460k of Sep’19 and 596k of Sep’18.