Free Trial

Macro Developments Since Sep FOMC - Labor: Signs Of Less Churn [3/3]

US
  • Sticking with labor data, weekly jobless claims data have started to show some significant deviation between initial and continuing claims.
  • Initial claims have pushed to extremely low levels, easily through the average seen in 2019 despite the population growth since then, but continuing have in the latest two weeks of data started to increase sharply back to levels seen in the spring.
  • We suspect some of this latest sharp increase could be a fading of what might have been a previously favorable seasonal adjustment process, but the extent to which this latest increase is genuine could be an indication of a stabilization in labor market churn.

To read the full story

Close

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.