- Initial claims down 5,000 in week ended August 27; previous week revised down 6,000.
- Continued weeks claimed up 26,000 in the August 20 week.
- The insured unemployment rate remains in the record low range.
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| Sep 01 2022U.S. Unemployment Claims Remain on Slight Downtrend
USA| Aug 31 2022U.S. Mortgage Applications Decrease in the Latest Survey Week
- Applications for purchases and refinancing dropped in the August 26 week.
- Applications for adjustable-rate mortgages surged.
- Interest rates rose for fixed-rate loans.
- House prices rose minimally in June.
- House prices posted monthly declines in five out of nine regions.
USA| Aug 24 2022U.S. Durable Goods Orders Paused in July
- Manufacturers' new orders for durable goods take a breather.
- New orders for nondefense capital goods excluding aircraft continue to improve.
- Order backlogs & inventories post small gains.
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Business activity returns to positive territory in August following two consecutive monthly declines.
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Inflation indicators fell again this month, though remain elevated.
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Future expectations of activity remain negative in August despite the improvement from July.
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USA| Aug 11 2022U.S. Unemployment Claims Continue on an Uptrend
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Initial claims rose 14,000 in the August 6 week.
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The previous week was revised down by 12,000.
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Continued claims rose 8,000 in the July 30 week.
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The insured unemployment rate remained at 1.0%.
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USA| Aug 10 2022U.S. Mortgage Applications Rose Slightly in the Latest Week
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Purchase applications declined in the week of August 5.
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Refinancing applications rose.
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Mortgage rates rose or remained stable.
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USA| Aug 04 2022U.S. Unemployment Claims Remain on an Uptrend
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Initial claims rose 6,000 in the July 30 week.
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The previous week was revised down slightly by 2,000.
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Continued claims rose 48,000 in the July 23 week.
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The insured unemployment rate remained at 1.0%.
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USA| Aug 03 2022Mortgage Applications Increase in the Latest Week
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Purchase and refinancing applications rose in the week of July 29.
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Mortgage rates declined.
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USA| Jul 21 2022U.S. Unemployment Claims Continue to Trend Higher
• Initial claims increased 7,000 to 251,000 in the July 16 week.
• Continued claims rose 51,000 in the week of July 9.
• The insured unemployment rate rose to 1.0%.
• Import prices rose 10.7% y/y during June.
• Fuel import prices posted strong monthly and yearly rises, while import prices excluding fuels declined over the month.
• Export prices rose 18.2% y/y in June, though the monthly details were mixed.
USA| Jul 08 2022U.S. Wholesale Inventories Continue Their Ascent in May
• Wholesale inventories continue to rise in May but at a softer pace than in the three preceding months.
• Wholesale sales were mixed.
• Inventory-to-sales ratio was little changed in May.
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