WILLIAMS: 'WAY ABOVE' AMPLE LEVEL OF RESERVES

MNI BRIEF: Goolsbee Downplays Fed Disagreement, Hotter CPI

MNI BRIEF: US Sept CPI Hotter Than Forecast; Claims Higher Too

MNI China Daily Summary: Thursday, October 10

MNI: PBOC Net Drains CNY142 Bln via OMO Thursday

EZ/UK Bond Supply Calendar: BTP Auction on Friday

US EIA:NAT GAS STORAGE +82 BCF TO 3,629 BCF OCT 04 WK

MNI: US JOBLESS CLAIMS +33K TO 258K IN OCT 05 WK

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US DATA: Hurricane Helene Drives A Sizeable Share Of Initial Claims Jump

US DATA
USGlobalEM BulletFixed Income BulletsData BulletBulletMarketsEmerging Market NewsForeign Exchange BulletsRegionNorth America
  • Initial jobless claims for the six states most heavily impacted by Hurricane Helene saw non-seasonally adjusted claims rise to 35.5k vs closer to the 20k or even a little below that is typical for the time of year,
  • Very roughly speaking, it could have biased the SA figure higher by around 15k or so.
  • The SA figure of 258k was 28k higher than consensus of 230k after 225k the week prior, although how much of the miss it accounted for depends on what was already factored into consensus.

 

88 words

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.
  • Initial jobless claims for the six states most heavily impacted by Hurricane Helene saw non-seasonally adjusted claims rise to 35.5k vs closer to the 20k or even a little below that is typical for the time of year,
  • Very roughly speaking, it could have biased the SA figure higher by around 15k or so.
  • The SA figure of 258k was 28k higher than consensus of 230k after 225k the week prior, although how much of the miss it accounted for depends on what was already factored into consensus.