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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 were close to expectations with a seasonally adjusted 217k (cons 218k) in the week to Nov 4 after another slightly upward revised 220k (initial 217k).
- The four-week average increased 1k to 212k, still slowly increasing from the 206k in mid-October which marked the lowest since Feb. The 2019 average for initial claims was 218k.
- Continuing claims meanwhile saw another larger than expected increase to 1834k (cons 1820k) in the week to Oct 28 after a downward revised 1812k (initial 1818k). It has seen a sizeable push in recent weeks and is moving closer to ytd highs of 1861k from April.
- With continuing claims continuing to push further above the 2019 average of 1699k vs initial entries at or still slightly below those averages, it’s likely a sign of a further moderation in the pace of hiring/labor market churn.
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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