- Sweden: Consumer Confidence, Business Tendency Survey, Public Finance (Mar)
- Spain: Mortgage Market (Jan), Order Book Forecast (Mar)
- Italy: ISTAT Business & Consumer Survey Press Release (Mar)
- Germany: Business Registrations & Deregistrations (Dec), Import & Export Prices (Feb), IAB Labor Market Barometer (Mar)
- Vietnam: GDP (Q1), CPI, IP, International Trade, Passenger & Cargo Traffic Statistics, Manufacturing Sales and Inventories, International Visitor Arrivals (Mar); Korea: Economic Sentiment
- more updates...
Economy in Brief
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
German Federal Debt Levels Fall
German debt level fell outright in Q4 2016 as the ratio of federal debt-to-GDP also fell...
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The NABE expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017...
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
by Tom Moeller March 16, 2017
Initial claims for unemployment insurance slipped to 241,000 (-6.9% y/y) during the week ended March 11 from an unrevised 243,000 claims in the week prior. The latest level remained near the lowest since April 1973. Expectations had been for 240,000 claims in the Action Economics Forecast Survey. The four-week moving average of claims nudged higher to 237,250. 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 in the week ended March 4 declined to 2.030 million (-8.2% y/y) from 2.060 million. The four-week moving average of claimants declined to 2.054 million. Continuing claims have been near the June 2000 low for several 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 February 25, the lowest rates were in Florida (0.52%), North Carolina (0.60%), Tennessee (0.79%), South Carolina (0.79%), Virginia (0.80%) and Nebraska (0.82%). The highest rates were found in California (2.68%), Pennsylvania (2.79%), Montana (2.95%), Connecticut (2.97%), New Jersey (3.13%) and Alaska (4.21%). 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)||03/11/17||03/04/17||02/25/17||Y/Y %||2016||2015||2014|
|Insured Unemployment Rate (%)||--||1.5||1.5||