- New Zealand: Electronic Card Transactions (Sep)
- Azerbaijan: Effective Exchange Rates (Aug)
- Azerbaijan: Monetary Survey (Aug)
- Canada: Housing Starts (Sep), New Housing Prices (Aug)
- US: ABA COnsumer Delinquencies (Apr-Jun)
- UK: LSL House Price Indexes, RICS Housing Market Survey (Sep)
- Mexico: CPI, PPI (Sep); Chile: CPI (Sep)
- Turkey: IP, Retail Sales (Aug); Egypt: CPI (Sep); South Africa:
- more updates...
Economy in Brief
OECD LEIs Show Widespread Slowing
The OECD area shows a step down to 99.9 from 100 demonstrating sub-normal growth....
U.S. Consumer Credit Usage Slows Further
Consumer credit outstanding increased $16.02 billion (6.8% y/y) during August following an $18.94 billion July rise...
U.S. Mortgage Loan Applications Surge as Interest Rates Fall Further
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index jumped 25.5% last week (52.4% y/y)...
German Industrial Output Falls in August; Is it a Harbinger?
In August German IP fell by 1.2% marking declines in two of the last three months...
U.S. Trade Deficit Deepens Unexpectedly
The U.S. foreign trade deficit in goods and services during August increased...
U.S. Gasoline Prices Remain Stable; Natural Gas Hits 2012 Low
Gasoline prices at the pump remained unchanged last week at $2.32 per gallon (-29.7% y/y) ...
by Tom Moeller October 8, 2015
Initial claims for unemployment insurance declined to 263,000 (-11.6% y/y) during the week ended October 3rd from a little-revised 276,000 during the prior week. It was the lowest level since the middle of July. The four week moving average of claims eased to 267,500. The Action Economics Forecast Survey expected 272,000 initial claims in the latest week. During the last ten years, there has been a 76% correlation between the level of claims and the m/m change in nonfarm payrolls.
In the week ended September 26, continuing claims for unemployment insurance rose w/w to 2.204 million (-8.1% y/y) but remained nearly the fewest since November 2000. The four-week moving average fell to 2.222 million.
The insured rate of unemployment remained at 1.6%, equaling the lowest point since June 2000.
By state, the insured rate of unemployment continued to vary with South Dakota (0.26%), Nebraska (0.55%), New Hampshire (0.67%), Virginia (0.73%), Maine (0.82%) and South Carolina (0.83%) at the low end of the range. At the high end were Massachusetts (1.71%), Pennsylvania (2.01%), Connecticut (2.02%), California (2.16%), New Jersey (2.31%) and Puerto Rico (3.18%). These data are not seasonally adjusted.
Data on weekly unemployment insurance are contained in Haver's WEEKLY database and they are summarized monthly in USECON. Data for individual states are in REGIONW. The expectations figure is from the Action Economics survey, carried in the AS1REPNA database.
Do We Know What We Owe? Consumer Debt as Reported by Borrowers and Lenders from the Federal Reserve Bank of New York is available here
|Unemployment Insurance (000s)||10/03/15||09/26/15||09/19/15||Y/Y %||2014||2013||2012|
|Insured Unemployment Rate (%)||--||1.6||1.6||1.9