- US: Advance Durable Goods, Advance Trade & Inventories (Mar)
- Brazil: PPI (Mar); Mexico: Compensation and Productivity (Feb)
- Canada: Payroll Employment, Earnings, & Hours (Feb)
- Spain: Advanced HICP & CPI, Construction Business Survey Press (Apr)
- Belgium: CPI (Apr)
- Germany: GfK Consumer Climate Survey, State CPI: Bavaria, Saxony, Berlin, Hesse, North Rhine-Westphalia, Brandenburg (Apr)
- Building Permits (Feb)
- UK: Motor Vehicle Production (Mar)
- 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 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||