- Korea: Housing Price Index (Apr)
- US: Consumer Sentiment (Apr-final), GDP (Q1 Adv), ECI (Q1)
- Consumer Sentiment Detail (Apr-final)
- US: Selected NIPA Tables (Q1-Adv), Summary key Source Data (Q1)
- Canada: GDP by Industry (Feb), Industrial Product Prices (Mar)
- *Taiwan National House Price Indexes Rebased to 2016=100.*
- Euro area: HICP (Apr-Flash), ECB Survey of Professional Forecasters (Q2)
- Italy: CPI, HICP (Apr-Prelim)
- Brazil: Sao Paolo Capacity Utilization (Mar);Mexico: Debt (Mar);
- more updates...
Economy in Brief
U.S. Employment Cost Index Has Stronger Gain
Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17...
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March...
EMU Money and Credit Perk Up
There is some noticeable acceleration in EMU money and credit growth...
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March...
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment claims for unemployment insurance rose to 257,000 during the week ended April 22...
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March...
by Tom Moeller September 29, 2016
Initial claims for jobless insurance increased to 254,000 (-8.3% y/y) in the week ended September 24 from 251,000 in the prior week, revised from 252,000. The figure remained near the lowest level since October 1973. The four-week moving average eased to 256,000. The Action Economics Forecast Survey expected 259,000 claims in the latest week. During the last ten years, there has been a 75% correlation between the level of claims and the monthly change in nonfarm payrolls.
Continuing claims for jobless benefits fell 2.2% to 2.062 million (-6.6% y/y) in the week ended September 17. The four-week moving average fell to 2.115 million, near a four-decade low.
The insured rate of unemployment was stable at 1.5%, near the record low.
Insured rates of unemployment across states continue to be quite disparate. The state data are not seasonally adjusted and are reported with a two-week lag. For the week ended September 10, the lowest rates were in South Dakota (0.28%), Nebraska (0.39%), North Carolina (0.60%), Utah (0.60%), Maine (0.73%) and South Carolina (0.81%). The highest rates were found in Massachusetts (1.68%), Illinois (1.85%), Pennsylvania (2.04%), Connecticut (2.08%), New Jersey (2.35%) and Alaska (2.60%).
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.
All Layoffs Are Not Created Equal from the Federal Reserve Bank of Philadelphia can be found here here.
|Unemployment Insurance (000s)||09/24/16||09/17/16||09/10/16||Y/Y %||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.5||1.5||