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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 exactly as expected in the week to Dec 2, at a seasonally adjusted 200k (cons 220k) after a fractionally upward revised 219k (initial 218k).
- The four-week average has held at 220-221k for four weeks now, above the low 200s in October but only back to very similar levels to the 2019 average.
- Continuing claims meanwhile were solidly lower than expected in the week to Nov 25 at a seasonally adjusted 1861k (cons 1910k) after 1925k (initial 1927k), reversing a majority of the particularly sharp 84k increase from the week prior.
- It could well be some unwinding of the prior week which saw a seasonal adjustment process that looked to have biased SA continuing claims too high. The overall trend of higher continuing claims and the implied reduced labor market churn remains in place.
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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