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.
The JOLTS report for July saw notably weaker than expected job openings whilst quit rates technically rounded a tenth higher but only after a downward revision having already returned to well below levels seen shortly before the pandemic.
• Job openings fell to 7.673m (cons 8.10m) in July after a downward revised 7.91m (initial 8.184m) in June.
• The rate to unemployed fell to 1.07 after another downward revised 1.16 (initial 1.20) in June, with the decline on the month boosted by last month’s large 352k rise in the level of unemployed to 7.16m.
• It’s the lowest since May-2021 after averaging 1.21 in Q2 for close to the 1.19 seen in 2019. It’s still elevated for pre-pandemic years, for example with the 2017-18 av of 1.00, but has seen swift downward momentum recently.
• Quits rate: 2.06% after a downward revised 2.03% (initial 2.07) in June. 2019 av 2.33, 2017-18 av 2.20.
• Private quits: 2.28% after 2.25% (initial 2.32) in May. 2019 av
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.