- New Zealand: International Trade (Feb)
- Korea: Consumer Survey Index (Mar); Philippines: Public Finance (Jan)
- Weekly: **Initial Claims Data Revisions Completed**
- Euro area: Flash Consumer Confidence Indicator (Mar)
- US: New Residential Sales (Feb)
- Belgium: Business Survey (Mar)
- Uruguay: GDP (Q4)
- more updates...
Economy in Brief
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...
U.S. Existing Home Sales Fall to Five-Month Low; Inventory Remains Tight
Sales of existing single-family homes declined 3.7% (+5.4% y/y) to 5.480 million units (AR) during February...
U.S. FHFA House Price Index Momentum Diminishes
The FHFA U.S. house price index remained unchanged during January following a 0.4% December increase ...
Japan's Trade Trends Turn Sharply Higher
Japan has logged its largest current account surplus since April 2010...
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||