- China: Industrial Profits (Mar); Philippines: Tourist Arrivals (Feb); Korea: GDP (Q1)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts and Statistical Balance Sheet (Mar); Australia: Import and Export Price Indexes (Q1)
- Japan: Input Output Prices, International Trade, Lease Contracts (Mar), First 10 Days Trade (Apr)
- France: INSEE Household Survey (Apr), Registered Unemployed & Job
- more updates...
Economy in Brief
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y)...
Japan's METI Indexes Show Ongoing Gains
The services sector is assessed by the METI indexes where it is named the 'tertiary sector.' That sector index rose to 104.1 in February...
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000...
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3...
U.S. FHFA House Price Index Regains Strength
The FHFA U.S. house prices increased 0.8% during February (6.5% y/y)...
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March...
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||