- China: Industrial Profits (Mar); Philippines: Tourist Arrivals (Feb); Korea: GDP (Q1)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts and Statistical Balance Sheet (Mar); Australia: Import and Export Price Indexes (Q1)
- Japan: Input Output Prices, International Trade, Lease Contracts (Mar), First 10 Days Trade (Apr)
- France: INSEE Household Survey (Apr), Registered Unemployed & Job
- more updates...
Economy in Brief
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y)...
Japan's METI Indexes Show Ongoing Gains
The services sector is assessed by the METI indexes where it is named the 'tertiary sector.' That sector index rose to 104.1 in February...
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000...
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3...
U.S. FHFA House Price Index Regains Strength
The FHFA U.S. house prices increased 0.8% during February (6.5% y/y)...
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March...
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||