Recent Updates
- US: Consumer Sentiment (Aug-prelim), Import/Export Prices (Jul)
- US: Consumer Sentiment Detail (Aug-prelim)
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Economy in Brief
U.S. Housing Affordability Declines Further in June
The NAR Fixed Rate Mortgage Housing Affordability Index fell 3.6% in June...
EMU Output Makes Solid Gain in June
The European Monetary Union posted a 0.7% increase for industrial output in June...
U.S. Producer Prices Fall During July; Core Increase Weakens
The Producer Price Index for Final Demand fell 0.5% during July...
U.S. Unemployment Claims Continue on an Uptrend
Initial claims for unemployment insurance filed in the week ended August 6 rose 14,000 to 262,000...
RICS Survey Points to More U.K. Housing Sector Weakness
The survey of housing market conditions in the U.K. continues to show strength in prices versus weakness...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller December 8, 2005
Initial claims for unemployment insurance rose 6,000 to 327,000 last week following a revised 16,000 drop the prior week. Consensus expectations had been for 315,000 claims.
Hurricane related claims dropped to 8,000 and brought the total of the three storms during the last fourteen weeks to 600,000.
The four-week moving average of initial claims was about unchanged at 322,500 (-4.8% y/y).
Continuing unemployment insurance claims fell 137,000 following a 57,000 decline the prior week which was deeper than initially reported.
The insured rate of unemployment fell to 2.0% from a downwardly revised 2.1% the prior week.
Monetary Policy with Imperfect Knowledge, a working paper from economists at the Federal Reserve board, is available here.
Can Financial Innovation Help to Explain the Reduced Volatility of Economic Activity? is another working paper published by the Federal Reserve Board and can be found here.
Unemployment Insurance (000s) | 12/03/05 | 11/26/05 | Y/Y | 2004 | 2003 | 2002 |
---|---|---|---|---|---|---|
Initial Claims | 327 | 321 | -6.3% | 343 | 402 | 404 |
Continuing Claims | -- | 2,603 | -5.9% | 2,926 | 3,531 | 3,570 |