- Retail Trade, Household Consumption (Feb), Population (Feb)
- Mauritius: PPI (Feb-Prelim)
- Business Sentiment Survey (Mar)
- Korea: Building Permits (Feb); Philippines: LFS (Q3); Thailand: PPI (Mar-Press)
- Japan: First Ten Days Trade (Mar), International Trade, Real Trade Indexes (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency
- more updates...
Economy in Brief
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
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...
by Tom Moeller July 7, 2016
Initial claims for unemployment insurance claims declined 16,000 to 254,000 (-12.0% y/y) during the week ended July 2 from 270,000 in the prior week, revised from 268,000. It was the lowest level since mid-April. The Action Economics Forecast Survey expected 270,000 claims. The four-week moving average of claims fell to 264,750. 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 June 25, continuing claims for unemployment insurance declined to 2.124 million (-4.0% y/y) from 2.168 million. Continuing claims were near the lowest level since 2000. The four-week moving average remained roughly steady at 2.148 million.
The insured rate of unemployment held near the record low at 1.6%.
Insured rates of unemployment across states continued to vary. Near the low end of the range were South Dakota (0.36%), Florida (0.67%), Utah (0.70%), Indiana (0.76%), Virginia (0.82%) and Tennessee (0.88%). At the high end of the scale were Texas (1.67%), Massachusetts (1.80%), Nevada (1.84%), Illinois (1.96%), New Jersey (2.26%) and Pennsylvania (2.37%). 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)||07/02/16||06/25/16||06/18/16||Y/Y||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.6||1.6||