Recent Updates
- US: GDP by Industry (Q1)
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- Thailand: Trade (Jun); China: Loans from Financial Institutions (Jun); Korea: Trade in Goods (Jun); Taiwan: Export Orders (Jun)
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Economy in Brief
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...
Japan's Trade Deficit Swings Back to Surplus (Small Surplus)
Japan's early June trade results show a goods trade position having swung back to surplus in June from deficit in May...
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 |
