- New Zealand: International Trade (Feb)
- Korea: Consumer Survey Index (Mar); Philippines: Public Finance (Jan)
- Weekly: **Initial Claims Data Revisions Completed**
- Euro area: Flash Consumer Confidence Indicator (Mar)
- US: New Residential Sales (Feb)
- Belgium: Business Survey (Mar)
- Uruguay: GDP (Q4)
- more updates...
Economy in Brief
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...
U.S. Existing Home Sales Fall to Five-Month Low; Inventory Remains Tight
Sales of existing single-family homes declined 3.7% (+5.4% y/y) to 5.480 million units (AR) during February...
U.S. FHFA House Price Index Momentum Diminishes
The FHFA U.S. house price index remained unchanged during January following a 0.4% December increase ...
Japan's Trade Trends Turn Sharply Higher
Japan has logged its largest current account surplus since April 2010...
by Tom Moeller January 26, 2017
Initial unemployment insurance claims rose to 259,000 (-5.2% y/y) during the week ended January 21 from 237,000 claims in the prior week, revised from 234,000. Expectations in the Action Economics Forecast Survey had called for 247,000 claims. The four-week moving average of claims eased to 245,400, the lowest point since November 1973. During the last ten years, there has been a 74% correlation between the level of initial claims and the m/m change in nonfarm payrolls.
Continuing claims for unemployment insurance increased to 2.100 million (-7.3% y/y) in the week of January 14 from 2.059 million. The four-week moving average of claimants eased to 2.092 million, but has risen slightly during the prior two months.
The insured rate of unemployment remained at 1.5%, which has been the average since September.
Insured rates of unemployment across states continue to vary widely. For the week ended January 7, the lowest rates were in Florida (0.54%), North Carolina (0.67%), Tennessee (0.81%), Virginia (0.85%), South Dakota (0.96%) and Nebraska (1.01%). The highest rates were found in California (2.58%), Pennsylvania (2.83%), Connecticut (2.98%), New Jersey (3.05%), Montana (3.13%) and Alaska (4.92%). 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.
Stuck in Part-Time Employment from the Federal Reserve Bank of Kansas City is available here.
|Unemployment Insurance (SA, 000s)||01/21/17||01/14/17||01/07/17||Y/Y %||2016||2015||2014|
|Insured Unemployment Rate (%)||--||1.5||1.5||