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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.
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Free AccessInitial Jobless Marginally Higher Than Expected, New York Distortion Unwinds
- Initial jobless claims dipped by slightly less than expected to a seasonally adjusted 222k (cons 220k) in the week to May 11, with the prior week’s jump consolidated with a marginally upward revised 232k (initial 231k).
- This stops just short of the payrolls reference period for May.
- It saw the four-week average drift another 3k higher to 218k, a little further away from the 201k it most recently bottomed at in January but only back to the 2019 average.
- New York initial claims -9.4k, the large chunk of the -13.3k for national claims in non-seasonally adjusted terms. Recall that last’s week increase in NY claims accounted for 10.2k of the 19.7k national increase in a move that we suspected was a holiday distortion.
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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.