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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 came in lower than expected in the week to May 20 at 229k (cons 245k) from a downward revised 225k (initial 242k).
- Following a significant revision to Massachusetts claims to adjust for previously reported fraudulent claims announced just a few minutes before the national release, the latest trend has left the four-week average at 232k having dipped from ~240k in late March/early April.
- It remains above the 218k averaged through 2019 as a benchmark, but the main takeaway is a surprise decline from recent levels.
- In non-seasonally adjusted terms, the 202k is very much in line with typical non-pandemic years for the time of year having previously been seen at the higher end.
- Continuing claims saw a smaller improvement, dipping from 1799k to 1794k (cons 1800k).
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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