- Korea: Housing Price Index (Apr)
- US: Consumer Sentiment (Apr-final), GDP (Q1 Adv), ECI (Q1)
- Consumer Sentiment Detail (Apr-final)
- US: Selected NIPA Tables (Q1-Adv), Summary key Source Data (Q1)
- Canada: GDP by Industry (Feb), Industrial Product Prices (Mar)
- *Taiwan National House Price Indexes Rebased to 2016=100.*
- Euro area: HICP (Apr-Flash), ECB Survey of Professional Forecasters (Q2)
- Italy: CPI, HICP (Apr-Prelim)
- Brazil: Sao Paolo Capacity Utilization (Mar);Mexico: Debt (Mar);
- more updates...
Economy in Brief
U.S. Employment Cost Index Has Stronger Gain
Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17...
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March...
EMU Money and Credit Perk Up
There is some noticeable acceleration in EMU money and credit growth...
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March...
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment claims for unemployment insurance rose to 257,000 during the week ended April 22...
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March...
by Tom Moeller January 14, 2016
Initial claims for unemployment insurance rose to 284,000 (-4.9% y/y) in the week ended January 9 from an unrevised 277,000 in the previous week. Consensus expectations were for 272,000 applications in the Action Economics Forecast Survey. The four-week moving average rose to 278,750, the highest level since early July. During the last ten years, there has been a 75% correlation between the level of initial claims and the m/m change in payroll employment.
In the week ending January 2, continuing claims for unemployment insurance rose to 2.263 million (-6.3% y/y) from the previous week's 2.234 million. The four-week moving average rose to 2.224 million, the highest level since late-September.
The insured rate of unemployment nudged high to 1.7% following three weeks at 1.6%.
Insured rates of unemployment across states continued to vary. Near the low end of the range were Florida (0.70%), North Carolina (0.76%), Nebraska (0.89%), Virginia (0.95%), Tennessee (1.04%) and Indiana (1.05%). At the high end of the scale were Massachusetts (2.53%), Illinois (2.61%), Connecticut (2.66%), Pennsylvania (2.82%), New Jersey (2.95%), and Montana (3.18%). The state data are not seasonally adjusted and cover the week ended December 26.
Data on weekly unemployment insurance are contained in Haver's WEEKLY database and they are summarized monthly in USECON. Data for individual states are in REGIONW. The expectations figure is from the Action Economics survey, carried in the AS1REPNA database.
Estimating the Monetary Policy Rule Perceived by Forecasters from the Federal Reserve Bank of Kansas City can be found here.
|Unemployment Insurance (000s)||01/09/16||01/02/16||12/26/15||Y/Y %||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.7||1.6||