Recent Updates
- ** India's RBI Effective XR have rebased from 2004-05=100 to 2015-16=100. We are currently working on these changes. **
- Korea: Passenger Car Trade (Q4), MOTIE Trade (Feb)
- Manufacturing PMIs: Japan, China (Feb)
- Australia: MI Inflation Gauge Index, Avg Weekly Job Ads (Feb),
- more updates...
Economy in Brief
Chicago Business Barometer Declines Sharply in February
The ISM-Chicago Purchasing Managers Business Barometer fell 4.3 points in February to 59.5...
Goods Trade Deficit Widened Slightly in January
The advance estimate of the U.S. trade deficit in goods widened slightly to $83.74 billion in January..
Japan's Industrial Sector Mounts a Comeback
Japan's IP surged in January gaining 4.3% compared to December...
Aircraft Orders Boost U.S. Durable Goods Orders in January
Manufacturers' orders for durable goods increased a much larger-than-expected 3.4% m/m (4.5% y/y) in January...
Kansas City Fed Manufacturing Index Increases Again in February
The Kansas City Fed reported that its manufacturing sector business activity index rose to 24 in February...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller August 18, 2005
Initial claims for unemployment insurance increased 6,000 to 316,000 last week and reversed a revised 5,000 decline the week earlier. Consensus expectations had been for 310,000 claims.
Despite the increase, initial claims in August are 1.6% below the July average, however, the latest figure covers the survey week for August nonfarm payrolls and is up 3.6% from the July period.
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.
The four week moving average of initial claims rose to 312,750 (-7.2% y/y).
Continuing claims for unemployment insurance rose 28,000 following a deepened 16,000 decline one week earlier.
The insured unemployment rate remained at the four year low of 2.0% for the fifth consecutive week.
Unemployment Insurance (000s) | 08/13/05 | 08/06/05 | Y/Y | 2004 | 2003 | 2002 |
---|---|---|---|---|---|---|
Initial Claims | 316 | 310 | -5.1% | 343 | 402 | 404 |
Continuing Claims | -- | 2,593 | -10.7% | 2,926 | 3,531 | 3,570 |