Recent Updates
- Japan: Services Producer Price Index (Feb)
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Economy in Brief
Texas Factory Sector Growth Eases
The Dallas Fed reported in its Texas Manufacturing Outlook Survey that the General Business Activity Index backpedaled to 8.3 during March...
IFO Gain Turns Bund Yield Positive But It Won't Turn Lead Into Gold
The IFO diffusion index for March is unchanged...
U.S. Existing Home Sales Strengthen
The NAR reported that sales of existing homes jumped 11.8% (-1.8% y/y) during February to 5.510 million units (SAAR)...
U.S. Government Budget Deficit Deepens
The U.S. Treasury Department reported that the federal government budget deficit for February of $234.0 billion...
Wholesale Inventories and Sales Rise
Wholesale inventories increased 1.2% m/m (7.7% y/y) during January...
by Tom Moeller November 10, 2005
A 2,000 increase in initial claims for unemployment insurance to 326,000 reversed only a piece of the prior week's revised 6,000 decline. Consensus expectations had been for 323,000 claims.
The four-week moving average of initial claims fell sharply to 334,250 (-0.3% y/y).
Continuing claims for unemployment insurance rose 23,000 following a downwardly revised 72,000 drop during the prior week.
The insured rate of unemployment remained at 2.2% for the seventh week.
| Unemployment Insurance (000s) | 11/05/05 | 10/29/05 | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| Initial Claims | 326 | 324 | -1.5% | 343 | 402 | 404 |
| Continuing Claims | -- | 2,818 | 0.8% | 2,926 | 3,531 | 3,570 |
