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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
- Continuing jobless claims have seen a notable increase in recent months in seasonally adjusted terms, seemingly partly down to the seasonal adjustment process but also partly a drifting higher in non-seasonally adjusted claims such that they compare with higher years when focusing on comparable periods.
- This has tended to be mirrored when looking across states, but Colorado is one standout as claims have steadily pushed higher since the middle of the year.
- There could be various factors at play, two being either fraudulent claims or a slower rolling out of legitimate claims after a tightening of anti-fraud tools in the spring (see here).
- If the former (and fraudulent claims surged in 2021 – see here) it could have been biasing continuing claims higher.
- This is only a marginal impact though, with claims increasing from circa 20k to 30k over that period, compared to continuing claims running at a seasonally adjusted 1875k in latest data, but it's nevertheless worth watching.
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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