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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.
CANADA DATA
- Today’s SEPH report shows another sizeable decline in job vacancies in July, dropping a seasonally adjusted -5.8% M/M after the -4.3% M/M in June.
- These two sharp reductions saw the vacancy rate fall a further 0.3pp to 3.9% for its lowest since Feb’21 albeit still above the 3.2% averaged in 2019.
- The moderation ties in with the drifting higher in the unemployment rate, a move that has since slowed somewhat in latest data for August from 5.47 to 5.52% in a move that surprised consensus of 5.6%.
- As for comparisons with the US, the August payrolls report did see a surprise 0.3pp jump to 3.8% after months of a surprisingly tight 3.4-3.6%, although even then the US labor market hasn’t shown the same degree of moderation off historically tight levels.
- See the Beveridge Curves below.
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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