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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 were a little higher than expected at a seasonally adjusted 238k (cons 235k) in the week to Jun 15, covering a payrolls reference period. It follows an upward revised 243k (initial 242k).
- It sees the four-week average climb further to 233k (+6k) for the highest since Sep’23. It’s up from 210k in late April and the recent low of 201k in January, and compares with an average 218k in 2019.
- NSA initial claims are below the 2023 figure for the time of year but otherwise higher than recent ‘typical’ years – see chart.
- Continuing claims meanwhile extended their recent climb, rising to a seasonally adjusted 1828k (cons 1810k) in the week to Jun 8 after a downward revised 1813k (initial 1820k).
- It leaves continuing claims only just below the recent high of 1829k from late Jan.
- Combined, the data point to a continuation of the cooling in labor conditions seen in recent weeks.
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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