- Claims declined 12,000 in the week ending July 8.
- Insured unemployment claims rose 11,000 in the week ending July 1.
- The insured unemployment rate was left unchanged at 1.2% for the 11th straight week.
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| Jul 13 2023U.S. Initial Unemployment Claims Dropped in the Latest Week
USA| Jul 06 2023U.S. Mortgage Applications Declined in the Latest Week
- Mortgage applications declined in the week ended June 30 after three consecutive weekly increases.
- The effective rates on fixed loans rose in the latest week, while the adjustable rate declined.
- The average loan size declined in the latest week.
- May 27 week initial claims up 2,000.
- May 20 continuing claims up 6,000.
- Insured unemployment rate holds steady for 5th straight week.
USA| May 31 2023U.S. Mortgage Applications Continue to Decline
- Mortgage applications posted their third consecutive weekly decline in the week ended May 26.
- The effective rates on fixed loans rose sharply in the latest week.
- The average loan size declined in the latest week.
USA| May 03 2023U.S. Mortgage Applications Declined in the Latest Week
- Mortgage applications declined in the week ended April 28.
- The effective rates on fixed loans eased in the latest week.
- The average loan size rose in the latest week.
USA| Apr 26 2023U.S. Mortgage Applications Rose in the Latest Week
- Mortgage applications rose in the week ended April 21.
- The effective rates on all loans rose in the latest week.
- The average loan size dropped in the latest week.
- Inventories rose in February, offsetting the January monthly decline.
- Business sales were unchanged in February but revised down in January.
- Inventory-to-sales ratio was unchanged.
USA| Apr 12 2023U.S. Mortgage Applications Rose in Early April
- Mortgage applications rose in the week ending April 7.
- Applications for purchase a loan rose strongly, while applications to refinancing a loan were little changed.
- The effective rates on fixed-rate loans and on ARMs all eased in the latest week.
USA| Apr 05 2023U.S. Mortgage Applications Declined in Late March
- Mortgage applications declined in the week ending March 31.
- Both applications for purchase and refinancing a loan fell.
- The effective rate on a 30-year fixed-rate loan eased, while other rates rose in the latest week.
USA| Mar 31 2023U.S. Personal Income Rose in February
- Real spending eased in February but was revised up in January.
- Personal income beat expectations.
- Price index growth slows.
- Mortgage applications dropped 5.7% in the latest week and 19% over the last four weeks.
- The purchase index is at a 28-year low for a second consecutive week.
- The effective interest rates on 30-year and 15-year fixed loans and on 5-year ARMs continue to rise.
USA| Feb 15 2023U.S. Mortgage Applications Decline in the Latest Week
- Overall mortgage applications retrenched in the week of February 10.
- Applications for loans to both purchase and refinance declined in the latest week.
- The average effective rates on fixed loans rose in the latest week.
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