- Retail Trade, Household Consumption (Feb), Population (Feb)
- Mauritius: PPI (Feb-Prelim)
- Business Sentiment Survey (Mar)
- Korea: Building Permits (Feb); Philippines: LFS (Q3); Thailand: PPI (Mar-Press)
- Japan: First Ten Days Trade (Mar), International Trade, Real Trade Indexes (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency
- more updates...
Economy in Brief
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
German Federal Debt Levels Fall
German debt level fell outright in Q4 2016 as the ratio of federal debt-to-GDP also fell...
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The NABE expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017...
by Tom Moeller October 27, 2016
Initial claims for unemployment insurance declined to 258,000 (-2.6% y/y) during the week ended October 22 following a rise to 261,000 in the week prior, revised from 260,000. The four-week moving average of claims rose to 253,000, but remained near the lowest level since November 1973. The Action Economics Forecast Survey expected 255,000 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 0.7% to 2.039 million (-6.1% y/y) in the week ended October 15. The four-week moving average fell to 2.051 million, the lowest point since July 2000.
The insured rate of unemployment held at 1.5% for the sixth 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 October 8, the lowest rates were in South Dakota (0.29%), Nebraska (0.38%), North Carolina (0.54%), Utah (0.57%), Maine (0.68%) and South Carolina (0.74%). The highest rates were found in Illinois (1.55%), Massachusetts (1.59%), Pennsylvania (1.82%), Connecticut (1.96%), New Jersey (2.11%) and Alaska (2.80%).
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)||10/22/16||10/15/16||10/08/16||Y/Y %||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.5||1.5||