- Sweden: Consumer Confidence, Business Tendency Survey, Public Finance (Mar)
- Spain: Mortgage Market (Jan), Order Book Forecast (Mar)
- Italy: ISTAT Business & Consumer Survey Press Release (Mar)
- Germany: Business Registrations & Deregistrations (Dec), Import & Export Prices (Feb), IAB Labor Market Barometer (Mar)
- Vietnam: GDP (Q1), CPI, IP, International Trade, Passenger & Cargo Traffic Statistics, Manufacturing Sales and Inventories, International Visitor Arrivals (Mar); Korea: Economic Sentiment
- 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 April 7, 2016
Initial unemployment insurance claims fell to 267,000 during the week ended April 2 from an unrevised 276,000 in the prior week. For the past year, claims have been near the lowest level since 1973. Expectations were for 270,000 claims in the Action Economics Forecast Survey. The four-week moving average of claims increased to 266,750. 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 26, continuing claims for unemployment insurance increased to 2.191 million from 2.172 million. The four-week moving average eased to 2.189 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 (0.59%), North Carolina (0.66%), South Dakota (0.69%), South Carolina (0.82%), Virginia (0.89%), Tennessee (0.90%), and Utah (0.91%). At the high end of the scale were Illinois (2.60%), Massachusetts (2.61%), Rhode Island (2.63%), Connecticut (2.72%), Pennsylvania (2.74%) and New Jersey (2.97%). 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.
Differing Views on Long-Term Inflation Expectations from the Federal Reserve Bank of San Francisco is available here.
|Unemployment Insurance (000s)||04/02/16||03/26/15||03/19/16||Y/Y||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.6||1.6||