Recent Updates
- Bangladesh: Wage Earners Remittances (Feb)
- Qatar: Producer Price Indexes (Jan)
- Brazil: Sao Paulo CPI (Feb), PPI (Jan)
- Cyprus: GDP (Q4)
- India: Trade (Feb-Prelim), CPI Industrial Workers
- more updates...
Economy in Brief
NABE Projects Firm Growth in 2022, as in 2021
The NABE expects 4.0% real GDP growth in 2022 following a 4.8% rise during 2021...
U.S. Construction Spending Strengthens Again in January
Building activity continues to strengthen...
Manufacturing PMIs Are Strengthening More in the Developed World
PMIs largely are improving in February...
U.S. Personal Income & Spending Surge With Stimulus Payments in January
Personal income jumped 10.0% (13.1% y/y) last month...
Chicago Business Barometer Declines Sharply in February
The ISM-Chicago Purchasing Managers Business Barometer fell 4.3 points in February to 59.5...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller December 29, 2005
Initial claims for unemployment insurance fell 3,000 to 322,000 last week following a little revised 12,000 decline the prior week. Consensus expectations had been for 325,000 claims.
During the last ten year there has been a (negative) 75% correlation between the level of initial jobless insurance claims and the m/m change in payroll employment.
The four-week moving average of initial claims was little changed at 325,000 (-1.7% y/y).
Continuing unemployment insurance claims increased a sharp 85,000 following a 36,000 rise the prior week which was little different than initially reported.
The insured rate of unemployment remained at 2.1%.
International Capital Flows and U.S. Interest Rates from the Federal Reserve Board is available here.
Unemployment Insurance (000s) | 12/24/05 | 12/17/05 | Y/Y | 2004 | 2003 | 2002 |
---|---|---|---|---|---|---|
Initial Claims | 322 | 319 | -0.6% | 343 | 402 | 404 |
Continuing Claims | -- | 2,715 | -1.2% | 2,926 | 3,531 | 3,570 |