- Korea: GDP (Q4); Thailand Auto Sales (Feb)
- Turkey: Capacity Utilization, Business Tendency survey (Mar); South Africa: Tourism & Migration (Jan), Manufacturing Survey (Q1)
- Croatia: Tourism (Jan); Montenegro: Foreign Trade (Feb); Czech Republic: CPI by COICOP (Feb), Registered Employment (Q4); Kazakhstan: Loans & Deposits (Feb); Slovenia: Business Cycle Indicators (Mar); Russia: Employment by Industry (Q4);
- more updates...
Economy in Brief
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
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)...
by Tom Moeller November 3, 2016
Initial unemployment insurance claims rose to 265,000 (-4.7% y/y) during the week ended October 29 following an unrevised decline to 258,000 in the week prior. The four-week moving average of claims rose to 257,750, but remained near the lowest level since November 1973. The Action Economics Forecast Survey expected 256,000 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 2.026 million (-7.5% y/y) in the week ended October 22. The four-week moving average fell to 2.043 million, the lowest point since June 2000.
The insured rate of unemployment held near the record low at 1.5%, for the seventh straight week.
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 15, the lowest rates were in South Dakota (0.29%), Nebraska (0.38%), Utah (0.57%), North Carolina (0.59%), Maine (0.71%) and South Carolina (0.79%). The highest rates were found in Illinois (1.57%), Massachusetts (1.57%), Pennsylvania (1.84%), Connecticut (2.00%), New Jersey (2.19%) and Alaska (3.09%).
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)||10/29/16||10/22/16||10/15/16||Y/Y %||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.5||1.5||