- Japan: **Japan Tokyo employment index rebased to 2015=100**
- Saudi Arabia: Non-Oil Foreign Trade (Feb); Kuwait: CPI (Mar); Tanzania: BOP, Trade, Depository Corporations Survey, Public Finance (Feb)
- Portugal: OMFIs Balance Sheet (Feb)
- Luxembourg: Employment and Unemployment (Mar)
- Kazakhstan: GDP by Income, Labor Productivity Index (Q4), Loans and Deposits, Monetary Aggregates, Banking System Surveys, Public Finance (Mar)
- 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 October 13, 2016
Initial unemployment insurance filings held steady at 246,000 (-6.1% y/y) during the week ended October 8. The prior week's level was revised from 249,000. The four-week moving average of claims fell to 249,250, the lowest level since November 1973. The Action Economics Forecast Survey expected 253,000 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 declined 0.8% to 2.046 million (-6.4% y/y) in the week ended October 1. The four-week moving average fell to 2.070 million, the lowest point since July 2000.
The insured rate of unemployment held at 1.5% for the fourth straight week, near the record low.
Insured rates of unemployment across states continue to vary. The state data are not seasonally adjusted and are reported with a two-week lag. For the week ended September 24, the lowest rates were in South Dakota (0.26%), Nebraska (0.39%), North Carolina (0.57%), Utah (0.58%), Maine (0.71%) and South Carolina (0.77%). The highest rates were found in Illinois (1.60%), Massachusetts (1.65%), Pennsylvania (1.87%), Connecticut (2.01%), New Jersey (2.14%) and Alaska (2.70%).
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)||10/08/16||10/01/16||09/24/16||Y/Y %||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.5||1.5||