- Retail Trade, Household Consumption (Feb), Population (Feb)
- Mauritius: PPI (Feb-Prelim)
- Business Sentiment Survey (Mar)
- Korea: Building Permits (Feb); Philippines: LFS (Q3); Thailand: PPI (Mar-Press)
- Japan: First Ten Days Trade (Mar), International Trade, Real Trade Indexes (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency
- more updates...
Economy in Brief
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
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...
by Tom Moeller December 15, 2016
Initial claims for unemployment insurance fell to 254,000 (-7.6% y/y) in the week ended December 10 following an unrevised decline to 258,000 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 to 257,750. 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 increased to 2.018 million (-10.1% y/y) from 2.007 million. The four week moving average of claimants also rose to 2.038 million.
The insured rate of unemployment held near the record low at 1.5%.
Insured rates of unemployment across states continue to vary. For the week ended November 26, the lowest rates were in South Dakota (0.53%), Nebraska (0.58%), North Carolina (0.59%), Florida (0.60%), Indiana (0.76%) and Georgia (0.83%). The highest rates were found in Illinois (1.81%), Massachusetts (1.90%), Pennsylvania (2.09%), Connecticut (2.18%), New Jersey (2.51%) and Alaska (4.50%). 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)||12/10/16||12/03/16||11/26/16||Y/Y %||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.5||1.5||