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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
- Yesterday’s surprise increase in the seasonally adjusted level of initial jobless claims (from 242k to 264k) helped prompt risk-off moves.
- However, Massachusetts today says that its rise in claims was due to fraud attempts.
- From the press release, it did indeed see the largest non-seasonally adjusted increase in claims by state last week with +6.4k, on its own accounting for nearly half the total +14.0k (from 220k to 234k).
- The outright level of claims is also high, with 34.9k last week the second highest state second only to California's 46k despite Massachusetts having a population less than a fifth of California’s.
- We had noted at the time that nationwide NSA initial claims had poked above typical non-pandemic weeks in a break from prior weeks when it had been tracking more in line at the higher end.
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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