- Korea: GDP (Q4); Thailand Auto Sales (Feb)
- Turkey: Capacity Utilization, Business Tendency survey (Mar); South Africa: Tourism & Migration (Jan), Manufacturing Survey (Q1)
- Croatia: Tourism (Jan); Montenegro: Foreign Trade (Feb); Czech Republic: CPI by COICOP (Feb), Registered Employment (Q4); Kazakhstan: Loans & Deposits (Feb); Slovenia: Business Cycle Indicators (Mar); Russia: Employment by Industry (Q4);
- 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 July 14, 2016
Initial unemployment insurance claims held steady at 254,000 (-8.6% y/y) during the week ended July 9. It was the lowest level since mid-April and near a record low. The Action Economics Forecast Survey expected 265,000 claims. The four-week moving average of claims fell to 259,000. 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 July 2, continuing claims for unemployment insurance rose to 2.149 million (-3.8% y/y) from 2.117 million. Continuing claims were near the lowest level since 2000. The four-week moving average eased to 2.143 million.
The insured rate of unemployment notched higher to 1.6%.
Insured rates of unemployment continued to vary across states. Near the low end of the range were South Dakota (0.36%), Nebraska (0.53%) Florida (0.69%), Indiana (0.75%), Virginia (0.78%) and Tennessee (0.83%). At the high end of the scale were Texas (1.67%), Nevada (1.85%), Massachusetts (1.94%), Illinois (1.94%), New Jersey (2.42%) and Pennsylvania (2.44%). 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)||07/09/16||07/02/16||06/25/16||Y/Y||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.6||1.5||