- 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 March 10, 2016
Initial unemployment insurance claims declined to 259,000 during the week ended March 5 from 277,000 in the prior week, revised from 278,000. It was the lowest level of initial claims since early October. Expectations were for 272,000 applications in the Action Economics Forecast Survey. The four week moving average of claims fell to 267,500, also the lowest point since October. 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 27, continuing claims for unemployment insurance fell to 2.225 million (-7.3% y/y) from 2.257 million. The four-week moving average eased to 2.252 million.
The insured rate of unemployment fell to 1.6%, the low point of the economic recovery.
Insured rates of unemployment across states continued to vary. Near the low end of the range were Florida (0.63%), North Carolina (0.76%), Georgia (0.88%), Virginia (1.01%), Arizona (1.05%) and Tennessee (1.07%). At the high end of the scale were Illinois (2.84%), Massachusetts (3.01%), Connecticut (3.11%), Pennsylvania (3.13%), New Jersey (3.36%) and Alaska (4.58%). 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)||03/05/16||02/27/16||02/20/16||Y/Y||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.6||1.7||