Recent Updates

  • Ivory Coast: IP (Nov); South Africa: Financial Soundness Indicators (Nov); Turkey: House Sales (Dec), IIP (Nov)
  • Spain: International Trade (Nov)
  • Italy: BOP (Nov)
  • UK: Retail Sales (Dec)
  • Euro area: Balance of Payments (Nov)
  • Iceland: Building Cost Index (Feb)
  • Switzerland: PPI (Dec)
  • Estonia: Dwelling Permits & Completions (Q4); Albania: Retail
  • more updates...

Economy in Brief

Initial Jobless Insurance Claims Up Slightly
by Tom Moeller July 5, 2007

Initial unemployment insurance claims rose 2,000 to 318,000last week after a 10,000 increase the week prior.

During the last ten years there has been a (negative) 77% correlation between the level of initial claims and the m/m change in nonfarm payroll employment.

The four-week moving average of initial claims rose to 318,500 (2.8% y/y).

An 84,000 rise in continuing claims for unemployment insurance reversed all of a 32,000 decline during the week prior.

The insured rate of unemployment ticked up to 2.0%.

Unemployment Insurance (000s) 06/30/07 06/27 /07 Y/Y 2006 2005 2004
Initial Claims 318 316 0.6% 313 332 343
Continuing Claims -- 2,569 4.7% 2,459 2,662 2,924
close
large image