- US: IIP (Q4)
- Zambia: BOP (Q4); Israel: Credit Card Purchases (Feb); UAE: CPI (Feb); Saudi Arabia: GDP (Q4-Prelim)
- Hungary: Employment (Feb); Bulgaria: Business Survey (Mar); Kazakhstan: Consolidated Budget (Feb)
- Sweden: Consumer Confidence, Business Tendency Survey, Public Finance (Mar); Iceland: PPI (Feb)
- Spain: Mortgage Market (Jan), Order Book Forecast (Mar)
- Italy: ISTAT Business & Consumer Survey (Mar)
- more updates...
Economy in Brief
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...
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...
by Tom Moeller November 23, 2016
Initial unemployment insurance claims increased 18,000 (-4.9% y/y) to 251,000 during the week ended November 19 following a fall to 233,000 claims in the week prior, revised from 235,000. It remained the lowest level of claims since November 1973. The four-week moving average of claims fell to 251,000. The Action Economics Forecast Survey expected 250,000 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 increased 3.0% to 2.043 million (-6.1% y/y) in the week ended November 12, the lowest level since June 2000. The four-week moving average was little changed at 2.025 million.
The insured rate of unemployment increased to 1.5% from the record low of 1.4%.
Insured rates of unemployment across states continue to vary. For the week ended November 5, the lowest rates were in South Dakota (0.30%), Nebraska (0.40%), Utah (0.60%), North Carolina (0.60%), South Carolina (0.80%) and Maine (0.80%). The highest rates were found in Illinois (1.60%), Massachusetts (1.70%), Pennsylvania (1.80%), Connecticut (2.00%), New Jersey (2.20%) and Alaska (3.30%). The state data are not seasonally adjusted.
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)||11/19/16||11/12/16||11/05/16||Y/Y %||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.5||1.4||