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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 again surprise lower, printing just a seasonally adjusted 187k (cons 205k) in the week to Jan 13, lining up with a payrolls reference week. It follows an almost unrevised 203k (initial 202k) after what had been another surprisingly low print.
- The single week print is below the 2019 low of 197k for a pre-pandemic comparison, and there was only one lower in 2022 with a 182k.
- The four-week average dropped 5k to 203k for fresh lows since Feb’23.
- Continuing claims meanwhile also surprised lower, falling to a seasonally adjusted 1806k (cons 1840k) after a marginally downward revised 1832k (initial 1834k).
- Recall that last week’s non-seasonally adjusted figure received attention as it spiked to 2105k at year-end. This week’s 2122k is notably above the 2023 equivalent but more in keeping/lower than prior years – see chart.
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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