- New Zealand: International Trade (Feb)
- Korea: Consumer Survey Index (Mar); Philippines: Public Finance (Jan)
- Weekly: **Initial Claims Data Revisions Completed**
- Euro area: Flash Consumer Confidence Indicator (Mar)
- US: New Residential Sales (Feb)
- Belgium: Business Survey (Mar)
- Uruguay: GDP (Q4)
- more updates...
Economy in Brief
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...
U.S. Existing Home Sales Fall to Five-Month Low; Inventory Remains Tight
Sales of existing single-family homes declined 3.7% (+5.4% y/y) to 5.480 million units (AR) during February...
U.S. FHFA House Price Index Momentum Diminishes
The FHFA U.S. house price index remained unchanged during January following a 0.4% December increase ...
Japan's Trade Trends Turn Sharply Higher
Japan has logged its largest current account surplus since April 2010...
by Tom Moeller April 14, 2016
Initial claims for jobless insurance fell to 253,000 during the week ended April 9 from a little-changed 266,000 in the prior week. For the past year, claims have hovered 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 eased to 265,000. 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 April 2, continuing claims for unemployment insurance declined to 2.171 million (-4.5% y/y) from 2.189 million. The four-week moving average fell to 2.178 million, a new low for the economic expansion.
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%), South Dakota (0.62%), North Carolina (0.65%), South Carolina (0.80%), Utah, (0.87%), Virginia (0.89%) and Tennessee (0.89%). At the high end of the scale were Illinois (2.51%), Rhode Island (2.52%), Massachusetts (2.55%), Connecticut (2.70%), Pennsylvania (2.74%) and New Jersey (2.93%). 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)||04/09/16||04/02/16||03/26/15||Y/Y||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.6||1.6||