- Weekly: **Unemployment Initial Claims Data have been revised**
- US: Housing Starts by State and Region (Feb)
- CPB World Trade Monitor (Jan)
- CPB World Trade Monitor (Jan)
- France: Registered Unemployed & Job Vacancies (Feb)
- US: Household Employment for States and Regions (Feb)
- US: Wholesale Trade Revisions, Advance Durable Goods (Feb)
- Manufacturing Survey - Markit US (Flash - Mar), Composite Survey - US (Flash - Mar), Services Survey - US (Flash - Mar)
- more updates...
Economy in Brief
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)...
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...
by Tom Moeller June 2, 2016
Initial claims for unemployment insurance fell to 267,000, up 6.5% y/y, during the week ended May 28 versus an unrevised decline to 268,000 in the prior week. It was the third consecutive weekly shortfall, but it left the average so far in May above April. The Action Economics Forecast Survey expected 270,000 claims. The four week moving average of claims eased to 277,000, still near the highest point since early February. 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 21, continuing claims for unemployment insurance increased to 2.172 million (-2.1% y/y) from 2.160 million. The four-week moving average rose to 2.163 million, the highest level since early April.
The insured rate of unemployment remained at 1.6%, the lowest level since 2000.
Insured rates of unemployment across states continued to vary. Near the low end of the range were South Dakota (0.32%), Florida (0.60%), North Carolina (0.64%), Tennessee (0.66%), South Carolina (0.76%) and Virginia (0.81%). At the high end of the scale were Rhode Island (1.78%), Massachusetts (1.92%), Illinois (1.93%), Connecticut (2.14%), Pennsylvania (2.31%) and New Jersey (2.39%). 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)||05/28/16||05/21/16||05/14/16||Y/Y||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.6%||1.6||