- Japan: Index of Business Conditions (Feb-Final), Electric Power Generated (Jan)
- Spain: Services Sector Activity, New Orders and Turnovers (Feb)
- Finland: PPI, Domestic Supply Prices (Mar)
- US: NABE Business Conditions Survey (Q1)
- Indonesia: Non-Oil and Gas Trade (Feb); Taiwan: Labor Market (Mar)
- Egypt: IP (Feb)
- more updates...
Economy in Brief
Fresh Six-Year PMI Highs for Euro Area
The 'fresh six-year high' is a pleasant surprise that continues, but...
Philadelphia Fed Factory Conditions Soften
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index fell to 22.0 during April...
U.S. Leading Economic Indicators Suggest Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (3.5% y/y) during March...
U.S. Initial Unemployment Insurance Applications Increase
Initial unemployment claims for unemployment insurance rose to 244,000 during the week ended April 15 (-5.1% y/y)...
Japan's 'Trade Trends' Stabilize on an Unstable Foundation
Japan trade trends, broadly considered, seem to be stabilizing...
U.S. Mortgage Loan Applications Fall
The MBA total Mortgage Applications Volume Index declined 1.8% last week (-24.9% y/y)...
by Tom Moeller January 12, 2017
Initial unemployment insurance filings rose to 247,000 (-11.8% y/y) during the week ended January 7 following a decline to 237,000 in the prior week, revised from 235,000. The latest level remained near the lowest since November 1973. Expectations in the Action Economics Forecast Survey called for 252,000 claims. The four-week moving average of claims eased to 256,500, and has been fairly steady since September.
Continuing claims for unemployment insurance declined to 2.087 million (-7.2% y/y) in the week of December 31 from 2.116 million. The four-week moving average of claimants increased also to 2.087 million and has risen 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 24, the lowest rates were in Florida (0.55%), North Carolina (0.62%), Virginia (0.76%), Tennessee (0.77%), South Dakota (0.82%) and Nebraska (0.88%). The highest rates were found in California (2.16%), Pennsylvania (2.43%), Connecticut (2.43%), New Jersey (2.64%), Montana (2.75%) and Alaska (4.84%). 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)||01/07/17||12/31/16||12/24/16||Y/Y %||2016||2015||2014|
|Insured Unemployment Rate (%)||--||1.5||1.5||