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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
- Initial jobless claims surprisingly increased 28k to 261k (cons 235k) in the week to Jun 3 after a minimally upward revised 233k (initial 232k) the prior week.
- It’s the largest single seasonally adjusted weekly increase since mid-Jul 2021 for the highest since Oct 2021.
- The four-week average increases 7k to 237k but remains off the 240k it most recently peaked at in late March/early April.
- The non-seasonally adjusted +10k increase to 219k pushes claims back towards the high end of typical non-pandemic years, although is a much smoother transition than the spike in the SA data.
- Looking by state, there aren’t any culprits the size of the recent Massachusetts fraud cases although Ohio does see an unusually sharp 6.3k increase on the same NSA basis from 10.4k to 16.7k, having also led the increases the prior week with +2.2k.
- Continuing claims take some of the edge off the higher initial figure though, surprisingly falling the prior week to 1757k (cons 1802k) from 1794k.
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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