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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 notably higher than expected in the week to Jul 27, at a seasonally adjusted 249k (cons 236k) after an unrevised 235k.
- It pushes the four-week average up another 2k to 238k, just shy of late June's 239k for what was the highest since Sep 2023 for a further gap to the 2019 average of 218k.
- At a non-seasonally adjusted 25.5k, Texas claims continue to see impact from Hurricane Beryl but have at least dropped. The -6.2k helped drive the -10k for national claims.
- Continuing claims were also higher than expected at a seasonally adjusted 1877k (cons 1855k) in the week to Jul 20. It’s for a fresh high since Nov 2021, with the latest increase extended by a marginally downward revised 1844k (initial 1851k) in the prior week covering a payrolls reference period.
- Non-seasonally adjusted continuing claims continue to run right at the high end of years shortly before the pandemic – see charts.
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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