- US: IIP (Q4)
- Zambia: BOP (Q4); Israel: Credit Card Purchases (Feb); UAE: CPI (Feb); Saudi Arabia: GDP (Q4-Prelim)
- Hungary: Employment (Feb); Bulgaria: Business Survey (Mar); Kazakhstan: Consolidated Budget (Feb)
- Sweden: Consumer Confidence, Business Tendency Survey, Public Finance (Mar); Iceland: PPI (Feb)
- Spain: Mortgage Market (Jan), Order Book Forecast (Mar)
- Italy: ISTAT Business & Consumer Survey (Mar)
- more updates...
Economy in Brief
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
German Federal Debt Levels Fall
German debt level fell outright in Q4 2016 as the ratio of federal debt-to-GDP also fell...
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The NABE expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017...
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
by Tom Moeller February 25, 2016
Initial unemployment insurance claims rebounded to 272,000 during the week ended February 20 following an unrevised decline during the prior week. The four-week moving average eased to 272,000, and remained near a two-month low. Consensus expectations were for 270,000 applications in the Action Economics Forecast Survey. 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 February 13, continuing claims for unemployment insurance declined to 2.253 million (-5.1 y/y) from 2.272 million. The four-week moving average eased to 2.257 million.
The insured rate of unemployment remained at 1.7%, about where it's been since last March.
Insured rates of unemployment across states continued to vary. Near the low end of the range were Florida (0.64%), North Carolina (0.80%), Georgia (0.94%), Virginia (1.00%), Arizona (1.06%) and Tennessee (1.08%). At the high end of the scale were Massachusetts (2.82%), Connecticut (2.95%), Illinois (3.02%), Pennsylvania (3.19%), New Jersey (3.37%) and West Virginia (3.57%). The state data are not seasonally adjusted and cover the week ended January 16.
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.
|Unemployment Insurance (000s)||02/20/16||02/13/16||02/06/16||Y/Y %||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.7||1.7||