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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
- Unit labor costs surged 6.3% annualized in Q1 (cons 5.6%) as nonfarm productivity was even weaker than expected at -2.7% annualized (-2.0%).
- It’s the largest decline in productivity since a particularly weak 1H22, after which the level has broadly flatlined some 2.5% below where it was in 2021 and back at 2Q20 levels having jumped higher at the start of the pandemic.
- With previously released ECI data showing private wage & salaries growing at 4.9% in Q1, this flat trend, let alone latest quarterly decline, in productivity adds to inflationary pressures from the labor market.
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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