- Largest weekly increase in initial claims since July 2021.
- Continuing claims up 42,000 in Sept. 28 week, largest since last January.
- Insured unemployment rate holds at 1.2%.
Introducing
Carol Stone, CBE
in:Our Authors
Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
Publications by Carol Stone, CBE
- Jobless claims hold steady pattern.
- Continuing claims ease just 1,000 in Sept. 21 week.
- Insured unemployment rate holds at 1.2% for 18 months.
USA| Oct 02 2024U.S. Mortgage Loan Applications Fall Slightly in Sept. 27 Week
- Loan applications to purchase a house rose somewhat while applications to refinance fell.
- Rates changed only marginally in latest week.
- Loan size decreased modestly with refinancing size averaging somewhat lower.
- Loans to refinance jump 24.2% in latest week, now more than half the total number.
- Rates on all loan types decrease again.
- Average loan size increased again for both purchase loans and refinancings.
USA| Sep 13 2024Borrowing in U.S. Markets Up Slightly in Q2
- Q2 credit demand was 14.7% of GDP, somewhat larger than Q1’s 14.0%.
- Federal government continues as largest borrowing sector.
- Household and businesses each borrowed about $600 billion in Q2.
USA| Sep 12 2024U.S. Jobless Claims Up Just 2,000 in September 7 Week
- Initial claims, at 230,000, equal forecast amount.
- Continued claims rise 5,000 in August 31 week.
- Insured unemployment rate still at 1.2%.
- Initial claims again somewhat less than forecast.
- Total beneficiaries down 22,000 in August 24 week.
- Insured unemployment rate still stands at 1.2%.
- Initial claims at 231,000 in August 24 week, 4,000 less than forecast.
- Continuing claims up 13,000 in August 17 week.
- Insured unemployment rate holds at 1.2%.
USA| Aug 27 2024U.S. Energy Prices Down in Latest Week
- Crude oil and refined product prices both down somewhat in latest week.
- Gasoline demand did rise in mid-August on a year/year basis.
- Inventories of petroleum products also rose.
- Aircraft orders rebound from a marginal amount in June
- Other durable goods industries saw orders decrease in July
- Only fabricated metal products had a visible advance in July new orders
- Shipments, in contrast, were strong in July
- Initial claims modestly less than forecast.
- Continuing claims up 4,000 in August 10 week.
- Insure unemployment rate still holds at 1.2%.
USA| Aug 15 2024U.S. Jobless Claims Ease by 7,000 in August 10 Week
- Initial claims 10,000 lower than forecast.
- Continuing claims down 7,000 in August 3 week.
- Insured unemployment rate maintains 1.2% amount.
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