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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 were firmly higher than expected at 242k (sa, cons 220k) in the week to Dec 7 after a marginally upward revised 225k (initial 224k).
- That’s the highest single week since Oct 12 although the four-week average saw a more muted 5k increase to 224k away from recent lows of 218/219k having been exactly in line with the 2019 average.
- There are widespread contributions behind the large 99k increase in the NSA data: California (+14.8k), Texas (+9.5k), NY (+9.2k), Illinois (+7.5k) and Georgia (+5.8k).
- Continuing claims were also higher than expected but to less extent, rising to 1886k (sa, cons 1877k) in the week to Nov 30 after an unrevised 1871k.
- That sees them just below the three-year highs of 1898/1897k seen in mid-November.
- Seasonal adjustment factors for both initial and continuing claims are likely still having difficulty in the post-Thanksgiving period although the outright level of NSA claims is on the high side for the time of year for both.
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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