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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
- Landing along with CPI, initial jobless claims disappointed as they surprisingly increased to 248k (cons 230k) after an unrevised 227k, for its largest weekly increase since early June.
- We focus on the four-week average to smooth some of the noise, and this only increased 3k to 231k for still down from a recent high nudging almost 260k in mid-June.
- That aside, the latest non-seasonally adjusted data registered a 20k increase to 226k with one standout increase coming from Ohio (+5.3k to 24k) as it remains particularly high relative to non-pandemic years compared to some more notable states.
- Continuing claims meanwhile provided a partial offset as they fell to 1684k (cons 1707k) from a downward revised 1692k (cons 1700k), back below the 2019 average in recent weeks but with what looks like a still favourable seasonal adjustment process considering the levels of NSA claims remains above that of pre-pandemic years.
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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