- 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 May 26, 2016
Initial claims for unemployment insurance declined to 268,000 (-4.6% y/y) during the week ended May 21 from an unrevised fall to 278,000 during the prior week. The Action Economics Forecast Survey expected 275,000 claims. The four week moving average of claims rose to 278,500, the highest point since late January. During the last ten years, there has been a 74% correlation between the level of claims and the m/m change in payroll employment.
In the week ending May 14, continuing claims for unemployment insurance increased to 2.163 million (-3.1% y/y) from 2.153 million. The four-week moving average rose to 2.151 million, but remained near the lowest level since November 2000.
The insured rate of unemployment remained at 1.6%, also the lowest level since 2000.
Insured rates of unemployment across states continued to vary. Near the low end of the range were South Dakota (0.34%), Florida (0.58%), North Carolina (0.62%), South Carolina (0.74%), Tennessee (0.77%) and Virginia (0.80%). At the high end of the scale were Rhode Island (1.88%), Illinois (1.96%), Massachusetts (1.98%), Connecticut (2.16%), Pennsylvania (2.23%) and New Jersey (2.41%). 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)||05/21/16||05/14/16||05/07/16||Y/Y||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.6||1.6||