- Weekly: **Unemployment Initial Claims Data have been revised**
- US: Housing Starts by State and Region (Feb)
- CPB World Trade Monitor (Jan)
- CPB World Trade Monitor (Jan)
- France: Registered Unemployed & Job Vacancies (Feb)
- US: Household Employment for States and Regions (Feb)
- US: Wholesale Trade Revisions, Advance Durable Goods (Feb)
- Manufacturing Survey - Markit US (Flash - Mar), Composite Survey - US (Flash - Mar), Services Survey - US (Flash - Mar)
- more updates...
Economy in Brief
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)...
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Kansas City Fed reported that its index of regional manufacturing sector business activity increased to 20 during March...
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18...
U.K. Retail Looks Less Bulletproof
For the most part, the assessments embodied in the March survey from the UK's CBI are being taken as being upbeat...
by Tom Moeller December 22, 2016
Initial claims for unemployment insurance strengthened to 275,000 (2.2% y/y) in the week ended December 17 following an unrevised slip to 254,000 in the prior week. It was the highest level of claims since June. Expectations had been for 257,000 claims in the Action Economics Forecast Survey. The four-week moving average of claims rose to 263,750.
The latest claims figure covers the survey period for December nonfarm payroll employment. There has been a 42,000 (18.0%) rise versus the November survey 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 unemployment insurance increased to 2.036 million (-7.2% y/y) from 2.021 million. The four-week moving average of claimants was little changed at 2.037 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 December 3, the lowest rates were in Florida (0.51%), Nebraska (0.57%), North Carolina (0.59%), South Dakota (0.62%), Georgia (0.75%) and Indiana (0.77%). The highest rates were found in Illinois (1.85%), Massachusetts (1.88%), Connecticut (2.20%), Pennsylvania (2.28%), New Jersey (2.43%) and Alaska (4.04%). 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)||12/17/16||12/10/16||12/03/16||Y/Y %||2015||2014||2013|
|Insured Unemployment Rate (%)||--||1.5||1.5||