- Claims were little changed in the week ended October 29.
- Continued weeks claimed were up modestly.
- Insured unemployment rate remains near 51-year low.
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| Nov 02 2022U.S. Mortgage Applications Declined in the Latest Week
- Total mortgage applications eased 0.5% in the week of October 28.
- Applications for loans to purchase declined slightly while those to refinance edged up.
- The average effective rates on fixed-rate loans remain at multi-year highs.
USA| Oct 20 2022U.S Philly Fed General Activity Index Remains Weak in October
- Business activity continues to decline but employment is up.
- Firms report price increases.
- Future expectations of activity continue to deteriorate.
USA| Oct 14 2022U.S. Business Inventories Continue to Rise
- Inventories continue to increase across most sectors.
- Sales rose slightly in August following a July decline.
- Inventory-to-sales ratio remains at its highest in nearly two years.
USA| Oct 12 2022U.S. Mortgage Applications Continue to Decline
- Total mortgage applications declined 2.0% in the week of October 7.
- Applications for loans to purchase and to refinance both decreased.
- The effective rate on a 30-year fixed-rate loan hit a 20-year high.
USA| Oct 07 2022U.S. Wholesale Inventory Growth Strengthens in August
- Wholesale inventories posted a robust rise in August.
- Wholesale sales rose in August following a decline in July.
- Inventory-to-sales ratio continues upward trend.
USA| Oct 05 2022U.S. Mortgage Applications Plummet in the Latest Week
- Total mortgage applications plunged 14.2% in the week of September 30.
- Applications for loans to purchase and to refinance both decreased.
- The average effective rates on fixed-rate loans rose to multi-year highs.
USA| Sep 30 2022U.S. Chicago Business Barometer Dropped Sharply in September
- Production and new orders plummeted during September.
- Employment weakened and supplier delivery speeds eased.
- Price index softened.
USA| Sep 22 2022U.S. Current Account Deficit Narrowed in Q2'22
- Deficit narrowed by more than expected in Q2.
- The goods trade deficit narrowed. Goods exports posted a double-digit gain.
- The surplus on services trade narrowed slightly. Both travel exports and imports soared.
USA| Sep 21 2022U.S. Mortgage Applications Rose in the Latest Week
- Total mortgage applications rose in the week of September 16.
- Applications for both fixed- and adjustable-rate mortgages posted strong weekly rises.
- The effective rate on all mortgage interest rates soared in the week of September 16.
- Business activity weakens this month.
- Prices paid plummet to the lowest level December 2020.
- Future expectations of activity remain negative.
USA| Sep 14 2022U.S. Mortgage Applications Remain on a Downtrend
- Total mortgage applications fell in the latest week.
- Applications for adjustable-rate mortgages jumped 5.2%.
- The effective rate on a 5-year ARM dropped while all other mortgage interest rates rose in the week of September 9.
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