Recent Updates
- China: GDP (Q4)
- Taiwan: Approved Foreign Investment (Dec)
- Korea: GDP, Contribution to Growth in Real GDP (Q4), PPI (Dec)
- New Zealand: Performance of Service Index, Composite PMI (Dec)
- Canada: Investment in Building Construction (Nov)
- Canada Regional: Investment in Building Construction by Province (Nov)
- Croatia: Core CPI (Dec)
- Tajikistan: Monetary Aggregates (Dec)
- more updates...
Economy in Brief
Delay in Release
of Data for Construction, MSIO, Intl Trade, Wholesale Trade, Monthly Treasury, Retail Sales, Business Sales & Inventories, and Housing Starts Due to Lapse in Federal Government Funding.
U.K. Retail Sales Begin to Lose Momentum
U.K. retail sales fell by a sharp 1% in December...
Philadelphia Fed Manufacturing Index Rebounds; Pricing Pressure Eases
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index increased to 17.0 during January...
U.S. Initial Unemployment Insurance Claims Slip
Initial claims for jobless insurance eased to 213,000 (-2.6% y/y) during the week ended January 12...
Passenger Car Registrations Hold to Low Ground in Europe
Passenger car registrations in Europe fell on a year-over-year comparison for the fourth consecutive months in December...
by Tom Moeller October 6, 2005
Initial filings for unemployment insurance outpaced Consensus expectations for 365,000 claims and rose 21,000 to 390,000 last week. The prior week's decline was lessened to 66,000.
The Labor Department indicated that last week 74,000 initial claims were linked to Hurricanes Katrina & Rita and totaled 363,000 during September.
The four-week moving average of initial claims rose to 404,500 (17.2% y/y) from 388,750 during the prior four weeks.
Continuing claims for unemployment insurance surged 118,000 following a downwardly revised 129,000 increase during the prior week.
The insured rate of unemployment rose to 2.3% from 2.2% the week prior. The low in early September was 2.0%.
Hurricane Katrina and the Employment Situation report for September 2005 from the US Bureau of Labor Statistics can be found here.
| Unemployment Insurance (000s) | 09/31/05 | 09/24/05 | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| Initial Claims | 390 | 369 | 14.4% | 343 | 402 | 404 |
| Hurricane Related Claims (000, NSA) | 74 | 70 | ||||
| Continuing Claims | -- | 2,905 | 2.1% | 2,926 | 3,531 | 3,570 |
