- Goods trade has larger deficit in Q2, while services surplus also increases.
- Both primary and secondary income inflows increase.
- Financial account deficit decreases markedly.
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
USA| Sep 21 2023U.S. Current Account Deficit Smallest Since Mid-2021
USA| Sep 21 2023U.S. Jobless Claims Drop 20,000 in September 16 Week
- Weekly initial claims are 201,000, the smallest since late January.
- Insured unemployment down in Sept 9 week to their smallest since mid-January.
- Insured unemployment rate maintains 1.1-1.2% amount since mid-April.
USA| Sep 11 2023Borrowing in the U.S. Slowed in Q2
- Credit demand was 12.3% of GDP in Q2, down from 18.8% in Q1.
- Federal government borrowing surged in Q2, almost three times the Q1 amount.
- Household borrowing was higher in Q2 than Q1, but smaller than 2022.
USA| Sep 07 2023U.S. Initial Jobless Claims Fall 13,000 in Latest Week
- Continuing claims for unemployment benefits decrease by 40,000.
- Insured unemployment rate dips to 1.1%.
- Insured unemployment rate in Hawaii rises to 2.0%.
USA| Aug 31 2023U.S. Jobless Claims Edge Down Again in Latest Week
- Initial claims inch lower for a third week.
- Insured unemployment rises, but very modestly.
- Insured unemployment rate remains in tight 1.1%-1.2% band.
USA| Aug 30 2023U.S. Mortgage Applications Have First Weekly Rise Since Mid-July
- Modest increases for both loans to purchase and to refinance.
- Rates change little after prior week’s jumps.
- Average loan size ticks upward after 4 weekly declines.
USA| Aug 24 2023U.S. Jobless Claims Decrease for a Second Week
- Initial claims rangebound for 5 months just below 240,000.
- Insured unemployment hovers around 1.7 million since February.
- Insured unemployment rate returns to 1.1%.
USA| Aug 10 2023U.S. Housing Affordability Down 6.3% in June
- Home prices up from May but down from a year ago.
- Mortgage rates up.
- Average mortgage payment largest % of income since 1985.
- Latest week’s increase in initial claims still yields decline in 4-week moving average.
- Continuing claims rose, but prior week revised down slightly.
- Insured unemployment rate holds steady at just 1.1%.
USA| Jul 27 2023U.S. Unemployment Insurance Claims Ease by 7,000 in Latest Week
- Initial claims lowest since late February.
- Continuing claims also fall in their latest week.
- Insured unemployment rate dips to 1.1% after 12 weeks at 1.2%.
- Initial claims range-bound after post-COVID downtrend.
- Total insured unemployment, though, rose markedly.
- Insured rate of unemployment stayed at 1.2% for the 11th week.
- Durable goods orders advance, nondurable goods industries see decline.
- Total shipments rise after 3 monthly declines.
- Durable goods inventories rise modestly in May while nondurable goods inventories drop.
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