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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 claims surprised higher at a seasonally adjusted 224k (cons 212k) in the week to Jan 27 after 215k (initial 214k), a second weekly increase off a 189k print marked one of the lowest readings on record.
- This range from 189-224k is a useful reminder to focus on the four-week average, which increased 5k to 208k but remains historically low (for comparison: 2019av 218k, 2019 single week low 197k).
- Initial claims increased a non-seasonally adjusted 11k on the week, driven by California (+5.6k) and NY (+4.3k) which appear slightly larger than the historical norm.
- Continuing claims were also stronger than expected, rising to 1898k (cons 1839k) in the week to Jan 20 after a slightly downward revised 1828k (initial 1833k). Recently, it has only been higher with the 1925k in mid-Nov.
- Note that the 134k increase in NSA continuing claims looks sharp compared to prior years, indicating perhaps some genuine softening in hiring activity.
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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