- 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 August 4, 2016
Initial unemployment insurance claims increased to 269,000 (-1.8% y/y) during the week ended July 30 from an unrevised 266,000 in the prior week. Claims remained near the lowest level since 1973. The four-week moving average rose to 260,250. The Action Economics Forecast Survey expected 263,000 claims in the latest week. During the last ten years, there has been a 75% correlation between the level of claims and the m/m change in nonfarm payrolls.
Continuing claims for jobless benefits eased to 2.138 million (-5.4% y/y) from 2.144 million. The four-week moving average was little changed at 2.142 million, also near a four-decade low.
The insured rate of unemployment remained at 1.6%.
Insured rates of unemployment continued to vary across states. Near the low end of the range were North Carolina (0.68%), Florida (0.73%), Utah (0.69%), Indiana (0.76%), Virginia (0.83%) and Georgia (0.84%). At the high end of the scale were Texas (1.68%), Nevada (1.88%), Massachusetts (1.99%), Illinois (2.02%), Pennsylvania (2.59%) and New Jersey (2.73%). 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)||07/30/16||07/23/16||07/16/16||Y/Y||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.6||1.6||