- US: Advance Trade & Inventories (Feb)
- Sweden: Retail Trade, PPI, International Trade (Feb); Iceland: CPI (Mar)
- Turkey: International Reserves (Feb); Mauritius: Wage Rate Index, LFS (Q4); Saudi Arabia: Non-Oil Foreign Trade (Jan); Palestine: BOP (Q4); UAE: Fuel Prices (Apr); Israel: Construction Starts & Completions (Q4); South Africa: Construction Survey (Q1); Tanzania: Trade (Q4)
- Brazil: PPI (Feb)
- more updates...
Economy in Brief
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...
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)...
by Tom Moeller April 21, 2016
Initial unemployment insurance claims fell to 247,000 during the week ended April 16 from an unrevised 253,000 in the prior week. For the past year, claims have been near the lowest level since 1973. Expectations were for 264,000 applications in the Action Economics Forecast Survey. The four-week moving average of claims declined to 260,500.
The latest initial claims figure covers the survey period for April nonfarm payrolls, and claims declined 12,000 (-4.6%) versus March. 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 9, continuing claims for unemployment insurance declined to 2.137 million (-7.4% y/y) from 2.176 million. The four-week moving average fell to 2.169 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 (0.58%), South Dakota (0.59%), North Carolina (0.63%), South Carolina (0.79%), Tennessee (0.85%) and Virginia (0.88%). At the high end of the scale were Massachusetts (2.38%), Illinois (2.42%), Connecticut (2.50%), Pennsylvania (2.60%), New Jersey (2.94%) and Alaska (4.06%). 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)||04/16/16||04/09/16||04/02/16||Y/Y||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.6||1.6||