- 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 December 8, 2016
Initial unemployment insurance claims declined to 258,000 (-7.5% y/y) in the week ended December 3 following an unrevised increase to 268,000 in the prior week. Expectations had been for 255,000 claims in the Action Economics Forecast Survey. The four week moving average of claims rose slightly to 252,500. 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 unemployment insurance declined to 2.005 million (-10.1% y/y) from 2.084 million. The four week moving average of claimants fell to 2.039 million, its lowest level since early last month.
The insured rate of unemployment returned to a record low of 1.4%.
Insured rates of unemployment across states continue to vary. For the week ended November 19, the lowest rates were in South Dakota (0.38%), Nebraska (0.46%), Florida (0.49%), North Carolina (0.56%), Georgia (0.62%) and Indiana (0.69%). The highest rates were found in Illinois (1.55%), Massachusetts (1.68%), Pennsylvania (1.84%), Connecticut (2.01%), New Jersey (2.21%) and Alaska (3.82%). 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 (SA, 000s)||12/03/16||11/26/16||11/19/16||Y/Y %||2015||2014||2013|
|Continuing Claims||--||2,005||2,084||- 10.1||2,268||2,607||2,978|
|Insured Unemployment Rate (%)||--||1.4||1.5||