Free Trial
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
- In the opposite to last week’s print, we warn that the seasonal adjustment process looks particularly kind (i.e. biasing SA claims lower) this week, at least when compared to a crude comparison of weekly changes in ‘normal’ years defined as 2016-19 and 2022.
- NSA initial claims increased 21.3k to 239k in the week to Nov 18 compared to an average 6k for the same week in those prior years, yet the seasonally adjusted weekly figure declined 24k. The difference implies the adjustment was favorable to the tune of 39k, the most so far this year.
- There’s a similar story in continuing claims. They increased 75k in the NSA data in the week to Nov 11 compared to an average 42k, yet the seasonally adjusted figure fell by 22k. It yields the most favorable figure of the year straight after the prior week’s least favorable result.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok