Recent Updates
- Thailand: Cassava Production by Province (2017)
- Canada: Wholesale Trade (May)
- US: Chicago Fed National Activity Index (Jun)
- Turkey: Consumer Confidence (Jul); Nigeria: CPI (Jun); South Africa: Tourism & Migration (May), Midyear Popoulation Estimate (2018), Government Bond Holdings (Jun); Lebanon: CPI (Jun); Mozambique: Bank Credit by Sector (May)
- Germany: Wages & Earnings, Public Finance, Loans & Deposits (May)
- Denmark: Government Finance and Debt (Jun), Consumer
- more updates...
Economy in Brief
FIBER: Industrial Commodity Prices Post Further Weakness
The FIBER Industrial Materials Price Index declined 3.7% last month...
German PPI Rises at Nine-Month High Pace
The German PPI gained 0.2% in June on the heels of a 0.6% rise in May...
U.S. Leading Economic Indicators Improve
The Conference Board's Composite Index of Leading Economic Indicators increased 0.5% (5.8% y/y) during June...
Philadelphia Fed Factory Conditions Recover; Prices Surge
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rebounded to 25.7 during July...
U.S. Initial Unemployment Insurance Claims Hit Lowest Since 1969
Initial claims for unemployment insurance dropped to 207,000 during the week ended July 14...
by Tom Moeller April 28, 2005
Initial unemployment insurance claims last week recovered 21,000 of the lessened 33,000 decline the prior period. The level of 320,000 equaled Consensus expectations.
During the last ten years there has been a (negative) 75% correlation between the level of initial claims for unemployment insurance and the monthly change in payroll employment. There has been a (negative) 65% correlation with the level of continuing claims.
The four week moving average of initial claims fell sharply to 323,000 (-7.2% y/y).
Continuing claims for unemployment insurance dropped a sharp 76,000 to the lowest level since March of 2001.
The insured unemployment rate slipped to 2.0%.
| Unemployment Insurance (000s) | 04/23/05 | 04/16/05 | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| Initial Claims | 320 | 299 | -5.9% | 343 | 402 | 404 |
| Continuing Claims | -- | 2,555 | -15.1% | 2,926 | 3,531 | 3,570 |
