- 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 January 5, 2017
Initial claims for unemployment insurance fell sharply in the final week of December to 235,000 from 263,000 in the week ended December 24, revised from 265,000. The latest level was the lowest since November 1973. Expectations in the Action Economics Forecast Survey called for 262,000 claims. The four-week moving average of claims declined to 256,750 and has been fairly steady since September.
Continuing claims for unemployment insurance increased to 2.112 million (-5.1% y/y) in the week of December 24 from 2.096 million. The four-week moving average of claimants increased to 2.067 million and was up slightly from the prior two months.
The insured rate of unemployment remained at 1.5%, which is also the average since September. The record low of this 45-year-old series was 1.4% in the week ended November 5.
Insured rates of unemployment across states continue to vary widely. For the week ended December 17, the lowest rates were in Florida (0.52%), North Carolina (0.60%), Tennessee (0.67%), Nebraska (0.67%), Virginia (0.70%) and South Dakota (0.80%). The highest rates were found in Pennsylvania (2.24%), California (2.25%), Connecticut (2.31%), New Jersey (2.53%), Montana (2.66%) and Alaska (4.22%). 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)||12/31/16||12/24/16||12/17/16||Y/Y %||2016||2015||2014|
|Insured Unemployment Rate (%)||--||1.5||1.5||