- Initial claims edged up in the latest week but remain near historically low levels.
- Continued weeks claims are the lowest since December 1969.
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| Mar 31 2022U.S. Weekly Claims Edged Up but Rate Hit a New Record Low
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.
USA| Feb 10 2022U.S. Initial Claims for Unemployment Insurance Decline Again
- Initial claims fall to a four-week low.
- Continued claims were unchanged in the week ending January 29.
- Insured unemployment rate holds steady.
USA| Feb 03 2022U.S. Factory Orders Posted a Modest Decline in December
- New orders for manufacturing goods dropped in December following seven consecutive monthly gains.
- Shipments were up 19 of the last twenty months.
- Both unfilled orders and inventories rose again during December.
USA| Jan 28 2022U.S. Employment Costs Continued to Post Robust Gains in Q4
- Overall compensation rose 1.0% q/q in Q4, though shy of the 1.3% Q3 gain.
- Wages and salaries rose 1.1% q/q.
- Benefits increased 0.9% q/q in Q4, a similar gain to Q3.
USA| Jan 14 2022U.S. Industrial Production Took a Breather in December
- Industrial production is 0.6% higher than its pre-pandemic level.
- Durable and nondurable goods output posted small declines in December.
- Capacity utilization was little changed.
USA| Jan 05 2022U.S. Mortgage Applications Declined in Late-December
- Both purchase and refinancing applications dropped.
- 30-year rate edged up.
- Purchase loan size declined.
USA| Jan 04 2022ISM Manufacturing Index Declined in December
- Manufacturing activity grew at a softer pace in December than in November.
- A drop in supplier delivery performance indicates a quicker pace of product delivery.
- Sharply lower prices paid point to declining pricing power.
USA| Dec 30 2021U.S. Chicago Business Barometer Rose to 63.1 in December
- The Chicago Business Barometer rose in December, picking up again after November's decline.
- Inventories hit a 4-year high as firms are stockpiling to get ahead of supply-chain disruptions.
- The employment index dipped again in December.
USA| Dec 28 2021U.S. FHFA House Price Increase Strengthened in October
- Gains are smaller than in the spring.
- Monthly house prices range is wide.
- In East South Central and Pacific regions, prices accelerated noticeably.
- Component declines were broad based.
- New orders dropped from the November multi-year high.
- Delivery times eased.
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