Recent Updates
- Croatia: Core CPI, Consumer Confidence (Sep)
- Canada: Wholesale Trade (Aug), Nonresidential Building Construction (Q3)
- Canada Regional: Wholesale Trade by Province (Aug)
- Morocco: CPI (Sep)
- Palestine: Public Debt (Sep-Prelim)
- Bangladesh: CPI (Sep)
- Luxembourg: Employment and Unemployment (Sep)
- Ukraine: Average Sales Prices of Agricultural Products (Sep); Trade by Commodity, Import and Export Indexes (Aug), HPI (Q3)
- more updates...
Economy in Brief
U.S. Existing Home Sales Continue to Weaken, Dragging Down Prices
The NAR reported that sales of existing homes during September declined 3.4% to 5.150 million...
Canadian Retail Sales Weaken As Inflation Slows
Canada's retail sales show relatively widespread deceleration...
U.S. Leading Economic Indicators Strengthen
The Conference Board's Composite Index of Leading Economic Indicators increased 0.5% (7.0% y/y) during September...
Philadelphia Fed Manufacturing Growth Continues; Pricing Pressure Eases
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index dipped to 22.2 during October...
U.S. Initial Claims for Unemployment Insurance Ease
Initial claims for unemployment insurance fell to 210,000 (-8.7% y/y) during the week ended October 13...
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 |
