Free Trial
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
- Whereas Challenger hiring announcements were healthy in October (potentially from Amazon hiring coming a month later than last year), job cut announcements offered a similar overview to last month.
- Cut announcements fell to 55.6k in Oct from 73k but it meant a similar pace of 51% Y/Y after the 53% Y/Y in September, for fastest increases since Sep 2023.
- Tech cuts played a sizeable role in the monthly decline in the NSA data, as they shrank to 3.6k from 11.4k. Indeed, ex-tech layoffs climbed 71% Y/Y, also the fastest increase since Sep 2023.
- With overall cut announcements at the high end of Octobers from recent years (see left chart below), labor market conditions continue to slow but at a still manageable pace.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok