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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
- Overshadowed by the surprisingly soft CPI report, jobless claims data offered the first week since early May with both initial and continuing claims coming in lower than expected.
- Only being one week of a downward surprise, it leaves a trend of steady push higher in those claiming for unemployment insurance in a sign of a continued gradual rebalancing in the labor market.
- Initial claims fell to a seasonally adjusted 222k (cons 235k) in the week to Jul 6 after a slightly upward revised 239k (initially 238k).
- The four-week average fell from the prior week’s fresh recent high of 239k (highest since late Aug 2023) to 234k, still a notable upward trend from the 210k in April and recent low of 201k in Jan.
- Continuing claims meanwhile fell to a seasonally adjusted 1852k (cons 1860k) in the week to Jul 6 after a slightly downward revised 1856k (initially 1858k).
- It leaves a small pullback for continuing claims after they pushed to their highest since Nov 2021.
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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