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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 lower than expected in the week to May 13, falling back to 242k (cons 252k) after the surprise jump to (an unrevised) 264k.
- The NSA figure falls -18.6k to 215.8k back into more typical ranges, with Massachusetts -14k in what looks like a reversal of prior outsized strength (having added +6.3k of the +14k the prior week).
- We’d suggest at first look that the 242k is a pretty fair look compared to the prior 4-wk average of 239k in week prior to Massachusetts fraud claims coming to light, and continues to imply no further deterioration after some labor market slowing in late Feb/early March.
- Continuing claims also surprisingly fell to 1799k (cons 1820k) from a downward revised 1807k, the lowest since early March.
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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