- Initial claims declined 11,000 to 200,000 in the week ended May 28.
- Continued weeks claimed declined and reached the lowest count since 1969.
- The insured unemployment rate edged back down to a record low of 0.9%.
Introducing
Kathleen Stephansen, CBE
in:Our Authors
Kathleen Stephansen is a Senior Economist for Haver Analytics and an Independent Trustee for the EQAT/VIP/1290 Trust Funds, encompassing the US mutual funds sponsored by the Equitable Life Insurance Company. She is a former Chief Economist of Huawei Technologies USA, Senior Economic Advisor to the Boston Consulting Group, Chief Economist of the American International Group (AIG) and AIG Asset Management’s Senior Strategist and Global Head of Sovereign Research. Prior to joining AIG in 2010, Kathleen held various positions as Chief Economist or Head of Global Research at Aladdin Capital Holdings, Credit Suisse and Donaldson, Lufkin and Jenrette Securities Corporation.
Kathleen serves on the boards of the Global Interdependence Center (GIC), as Vice-Chair of the GIC College of Central Bankers, is the Treasurer for Economists for Peace and Security (EPS) and is a former board member of the National Association of Business Economics (NABE). She is a member of Chatham House and the Economic Club of New York. She holds an undergraduate degree in economics from the Universite Catholique de Louvain and graduate degrees in economics from the University of New Hampshire (MA) and the London School of Economics (PhD abd).
Publications by Kathleen Stephansen, CBE
USA| Jun 02 2022U.S. Unemployment Claims Fell Again in the Latest Week
USA| May 31 2022U.S. Chicago Business Barometer Rebounded in May
- The production index rose 10 points and the orders index increased 8.6 points.
- Employment still points to contraction in the number of employees.
- Price pressures intensified in May.
USA| May 26 2022U.S. Unemployment Claims Eased Slightly in the Latest Week
- Initial claims declined 8,000 to 210,000 in the week ended May 21.
- Continued weeks claimed rose slightly, but from the lowest count since 1969.
- The insured unemployment rate edged back up to 1.0%.
USA| May 19 2022U.S. Unemployment Claims Rose in the Latest Week
- Initial claims rose 21,000 to 218,000, the highest claimants' level since January 29.
- Continued weeks claimed fell again to its lowest level since late 1969.
- The insured unemployment rate hit a new record low of 0.9%.
USA| May 17 2022U.S. Home Builder Index Took a Steep Drop in May
- Builder confidence hit the lowest reading in May since June 2020.
- Current sales and traffic plummeted in May.
- Regional readings were weak.
USA| May 16 2022U.S. Empire State Manufacturing Index Declines in May
- The Empire State Manufacturing Index of General Business Conditions dipped thirty-six points in May.
- Employment rises modestly.
- Prices paid and received ease slightly.
USA| May 03 2022U.S. JOLTS: Job Openings Reach An All-Time High
- The number of job openings reached a series high in March.
- New hires edged down.
- Quits and layoffs rose.
USA| Apr 26 2022U.S. FHFA House Price Index Posted a Strong Rise in February
- House prices rise to set a new historical record.
- House price increase partly reflects supply constraints.
- Mountain states lead the y/y increase.
USA| Apr 01 2022U.S. Manufacturing Activity Softened in March
- Economic activity in the manufacturing sector grew at a slower pace in March.
- New orders and production slowed but the employment index rose.
- Prices paid increased sharply.
USA| Mar 31 2022U.S. Weekly Claims Edged Up but Rate Hit a New Record Low
- Initial claims edged up in the latest week but remain near historically low levels.
- Continued weeks claims are the lowest since December 1969.
USA| Mar 15 2022U.S. Empire State Manufacturing Index Fell Sharply in March
- Business activity declined in New York State for the first time since early in the pandemic.
- Selling price increases hit record high.
- The six-month outlook improves.
USA| Feb 15 2022U.S. Empire State Index Improved Slightly in February
- Empire State business activity improved slightly in February.
- New orders and shipments held steady, while labor market indicators were solid.
- The prices received index reached a new record high.
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