Recent Updates
- US: New Residential Sales, Personal Income (Oct), Consumer Sentiment (Oct-final), GDP & Corporate Profits (Q3-2nd), Advance Durable Goods, Adv Trade & Inventories, Final Bldg Permits (Oct)
- Luxembourg: International Trade (Sep)
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Economy in Brief
U.S. Mortgage Applications Rebound
The MBA Mortgage Loan Applications Index rebounded in the week ended November 20, rising 3.9% w/w...
Japan's Employment Makes Partial Recovery
With a third wave of infection coursing its way through Japan's economy, the labor market continues to make some progress...
U.S. Consumer Confidence Falls Sharply in November, Disappointing Expectations
The Conference Board's consumer confidence survey indicated widespread deterioration during November...
U.S. FHFA House Price Index Posts Another Record Increase
The FHFA Price Index jumped 1.7% during September...
U.S. Energy Prices Mixed
The price for a barrel of West Texas Intermediate crude oil increased to an average of $41.62 (-27.0% y/y)...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
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 |
