- Japan: First Ten Days Trade (Mar), International Trade, Foreign Banks Foreign Banks in Japan (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency Assets, Liabilities, and Currency Flows (Feb); Australia: Flow of Funds (Q4), Job Vacancies (Q1)
- Korea: Building Permits (Feb); Philippines: LFS (Q3)
- US: IIP (Q4)
- more updates...
Economy in Brief
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
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...
by Tom Moeller March 31, 2016
Initial claims for unemployment insurance increased to 276,000 during the week ended March 26 from an unrevised 265,000 in the prior week. It was the highest level in eight weeks. Expectations were for 266,000 claims in the Action Economics Forecast Survey. The four week moving average of claims increased to 263,250. During the last ten years, there has been a 74% correlation between the level of claims and the m/m change in nonfarm payrolls.
In the week ending March 19, continuing claims for unemployment insurance eased to 2.173 million from 2.180 million. The four-week moving average fell to 2.191 million, the lowest level since November.
The insured rate of unemployment remained at 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 (0.62%), North Carolina (0.69%), South Carolina (0.84%), Virginia (0.93%), Tennessee (0.95%), and Arizona (1.02%). At the high end of the scale were Illinois (2.67%), Massachusetts (2.69%), Rhode Island (2.75%), Connecticut (2.86%), Pennsylvania (3.00%) and New Jersey (3.09%). The state data are not seasonally adjusted.
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)||03/26/15||03/19/16||03/12/16||Y/Y||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.6||1.6||