- Weekly: **Unemployment Initial Claims Data have been revised**
- US: Housing Starts by State and Region (Feb)
- CPB World Trade Monitor (Jan)
- CPB World Trade Monitor (Jan)
- France: Registered Unemployed & Job Vacancies (Feb)
- US: Household Employment for States and Regions (Feb)
- US: Wholesale Trade Revisions, Advance Durable Goods (Feb)
- Manufacturing Survey - Markit US (Flash - Mar), Composite Survey - US (Flash - Mar), Services Survey - US (Flash - Mar)
- more updates...
Economy in Brief
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)...
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Kansas City Fed reported that its index of regional manufacturing sector business activity increased to 20 during March...
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18...
U.K. Retail Looks Less Bulletproof
For the most part, the assessments embodied in the March survey from the UK's CBI are being taken as being upbeat...
by Tom Moeller October 6, 2016
Initial claims for unemployment insurance declined to 249,000 (-6.7% y/y) during the week ended October 1 from an unrevised 254,000 in the prior week. The four-week moving average of claims fell to 253,500, the lowest level since December 1973. The Action Economics Forecast Survey expected 257,000 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 eased 0.3% to 2.058 million (-7.1% y/y) in the week ended September 24, the lowest level since July 2000. The four-week moving average fell to 2.095 million.
The insured rate of unemployment was stable at 1.5% for the third straight week, 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 17, the lowest rates were in South Dakota (0.27%), Nebraska (0.39%), North Carolina (0.58%), Utah (0.59%), Maine (0.73%) and South Carolina (0.78%). The highest rates were found in Illinois (1.61%), Massachusetts (1.64%), Pennsylvania (1.84%), Connecticut (2.03%), New Jersey (2.16%) and Alaska (2.57%).
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)||10/01/16||09/24/16||09/17/16||Y/Y %||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.5||1.5||