- Spain: Services Sector Activity, New Orders and Turnovers (Feb)
- Finland: PPI, Domestic Supply Prices (Mar)
- US: NABE Business Conditions Survey (Q1)
- Japan: Index of Business Conditions (Feb-Final)
- Indonesia: Non-Oil and Gas Trade (Feb); Taiwan: Labor Market (Mar)
- Egypt: IP (Feb)
- more updates...
Economy in Brief
Fresh Six-Year PMI Highs for Euro Area
The 'fresh six-year high' is a pleasant surprise that continues, but...
Philadelphia Fed Factory Conditions Soften
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index fell to 22.0 during April...
U.S. Leading Economic Indicators Suggest Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (3.5% y/y) during March...
U.S. Initial Unemployment Insurance Applications Increase
Initial unemployment claims for unemployment insurance rose to 244,000 during the week ended April 15 (-5.1% y/y)...
Japan's 'Trade Trends' Stabilize on an Unstable Foundation
Japan trade trends, broadly considered, seem to be stabilizing...
U.S. Mortgage Loan Applications Fall
The MBA total Mortgage Applications Volume Index declined 1.8% last week (-24.9% y/y)...
by Tom Moeller August 11, 2016
Initial claims for unemployment insurance eased to 266,000 during the week ended August 6 following 267,000 claims in the week prior, revised from 269,000. Claims remained near the lowest level since 1973. The four-week moving average rose to 262,750, its highest level since early last month. The Action Economics Forecast Survey expected 265,000 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 increased to 2.155 million (-5.0% y/y) from 2.141 million. The four-week moving average was little changed at 2.143 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 South Dakota (0.36%), North Carolina (0.68%), Florida (0.72%), New Hampshire (0.79%), Virginia (0.81%) and Maine (0.88%). At the high end of the scale were Texas (1.66%), New Mexico (1.78%), Massachusetts (2.02%), Pennsylvania (2.44%), Alaska (2.66%) and New Jersey (2.74%). 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)||08/06/16||07/30/16||07/23/16||Y/Y||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.6||1.6||