Recent Updates
- Euro area: Flash Consumer Confidence (Mar)
- US: Composite Indexes (Feb)
- Canada: Wholesale Trade, Employment Insurance (Jan)
- Canada Regional: Wholesale Trade by Province (Jan)
- US: Philadelphia FRB Mfg Business Outlook Survey (Mar)
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Economy in Brief
Philadelphia Fed Manufacturing Index Rebounds but Prices Weaken
The Philadelphia Fed reported in its Manufacturing Business Outlook Survey that the General Business Conditions Index rebounded this month to 13.7...
U.S. Initial Unemployment Insurance Claims Decline
Initial claims for unemployment insurance fell 9,000 in the week ended March 16 to 221,000 from 230,000 the week before...
Canadian Growth: Headed for the Big Sleep or Just Dozing?
Canada, like much of the global economy, is showing sales weakness across sectors...
FOMC Leaves Interest Rates Unchanged and Lowers Expected Growth
The FOMC voted unanimously at today's meeting to leave the federal funds rate target in a range between 2.25% and 2.50%...
U.S. Mortgage Loan Applications Strengthen As Financing Costs Ease
The MBA total Mortgage Applications Index rose 1.6% (1.8% y/y) during the week ending March 15...
by Tom Moeller December 1, 2005
Initial claims for jobless insurance reversed about half of the prior week's rise and fell 17,000 to 320,000 during Thanksgiving week. Consensus expectations had been for 323,000 claims.
Hurricane related claims dropped back to 10,000 and brought the total of the three storms during the last thirteen weeks to 592,000.
The four-week moving average of initial claims fell slightly to 322,500 (-3.5% y/y).
Continuing claims for unemployment insurance fell 24,000 following a downwardly revised 26,000 gain the prior week.
The insured rate of unemployment held at 2.2% for the tenth consecutive week.
| Unemployment Insurance (000s) | 11/26/05 | 11/19/05 | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| Initial Claims | 320 | 337 | -7.5% | 343 | 402 | 404 |
| Continuing Claims | -- | 2,767 | 1.1% | 2,926 | 3,531 | 3,570 |
