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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
- Weekly jobless claims again ruled out a sharper labor market deterioration, especially with continuing claims pulling back from recent highs (albeit still relatively elevated on a NSA basis).
- Initial jobless claims dipped to 227k (sa, cons 230k) in the week to Aug 31 after a marginally upward revised 232k (initial 231k).
- The four-week moving average fell further to 230k (-2k) having recently peaked at 241k in early Aug. It compares increasingly favorably with the 234k the week before Hurricane Beryl.
- Continuing claims saw a larger surprise lower at 1838k (sa, cons 1867k) in the week to Aug 24 after a downward revised 1860k (initial 1868k).
- It’s the lowest since mid-June as it pulls back from what had been levels close to the recent high of 1871k from Jul 27 that marked the highest since Nov 2021.
- Note that non-seasonally adjusted continuing claims look in keeping with recent themes, i.e. still sitting right at the top end of the years shortly before the pandemic but not pushing relatively higher.
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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