- 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 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||