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 June 9, 2005
Initial claims for unemployment insurance fell 21,000 to 330,000 last week and reversed most of the prior period's slightly revised jump. Consensus expectations had been for 335,000 claims.
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 to 331,750 (-4.2% y/y).
Continuing claims for unemployment insurance fell 4,000 following a downwardly revised gain the prior week.
The insured unemployment rate remained stable at 2.0% for the seventh consecutive week.
Equilibrium Models of Personal Bankruptcy: A Survey from the Federal Reserve Bank of Richmond can be found here.
| Unemployment Insurance (000s) | 06/04/05 | 05/28/05 | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| Initial Claims | 330 | 351 | -4.9% | 343 | 402 | 404 |
| Continuing Claims | -- | 2,588 | -10.3% | 2,926 | 3,531 | 3,570 |
