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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 largely as expected in the week to May 27, at a seasonally adjusted 232k (cons 235k) after a minimally upward revised 230k (initial 229k).
- The 4-week average ticked down 2k to 230k but is little changed in recent weeks in its newly revised trend after Massachusetts fraud has been accounted for, down from 240k seen in late Mar/early Apr.
- The pace of growth in Challenger job cut announcements slowed in April before re-accelerating again in May, something that portend a further increase in claims ahead.
- For now though, the non-seasonally adjusted 208k is within levels from ‘typical’ non-pandemic years having previously been at the higher end.
- Continuing claims were also near expectations, at 1795k (cons 1800k) after 1789k (initial 1795k).
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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