- Weekly: **Unemployment Initial Claims Data have been revised**
- US: Housing Starts by State and Region (Feb)
- CPB World Trade Monitor (Jan)
- CPB World Trade Monitor (Jan)
- France: Registered Unemployed & Job Vacancies (Feb)
- US: Household Employment for States and Regions (Feb)
- US: Wholesale Trade Revisions, Advance Durable Goods (Feb)
- Manufacturing Survey - Markit US (Flash - Mar), Composite Survey - US (Flash - Mar), Services Survey - US (Flash - Mar)
- more updates...
Economy in Brief
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Kansas City Fed reported that its index of regional manufacturing sector business activity increased to 20 during March...
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18...
U.K. Retail Looks Less Bulletproof
For the most part, the assessments embodied in the March survey from the UK's CBI are being taken as being upbeat...
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||