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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 slightly higher than expected at 238k (sa, cons 235k) in the week to Jun 29 after a marginally upward revised 234k (initial 233k).
- It sees the four-week average drift higher again to 239k (+3K) for a fresh high since late Aug 2023.
- New York accounted for 4.5k of the 13.0k national increase in NSA initial claims, although that’s typical for the usual early summer pick-up.
- Once again, continuing claims lead the push higher with a new recent high of 1858k (sa, cons 1840k) after a downward revised 1832k (initial 1839k). It remains the highest since Nov 2021.
- The NSA initial claims data remain rangebound but the continuing claims data have clearly continued to push higher relative to ‘normal’ recent years – see charts.
- The uptick in NSA continuing claims looks somewhat broad-based across the largest states.
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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