Recent Updates
- Macao: Visitor Arrivals (Apr)
- Turkey: Domestic Debt by Holder (APR)
- UK Regional: Northern Ireland: Mortgage Possession (Q1)
- UK Regional: GfK Consumer Confidence Barometer by Region (May)
- North Macedonia: Broad Money, Other Depository Corporations'
- more updates...
Economy in Brief
UK Consumer Sentiment Hits Lowest Reading since 1996
(when the GFK survey began; also lowest reading 'ever')
Of these 13 readings eight of them declined on the month in May three of them improved and two of them were unchanged...
U.S. Existing Home Sales Continue to Fall in April as Houses Become Less Affordable
The combination of soaring home prices across the nation and rising interest rates is making homes less affordable...
U.S. Index of Leading Indicators Fell in April
Five of the index's components fell in April, one was unchanged and four increased...
U.S. Unemployment Claims Rose in the Latest Week
The state insured rates of unemployment in regular programs vary widely...
CBI Gauge in the UK Continues to Be Upbeat
The global economy has a lot of challenges...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Profits and Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation and Fed Policy: A Relationship which Should Worry the Fed and Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
by Tom Moeller November 8, 2012
Continuing claims in the week ended October 27 also were depressed to 3.127M (-14.2% y/y). The insured rate of unemployment fell to 2.4%. This particular count covers only "regular" programs and does not include all extended benefit and other specialized jobless insurance programs. In the week of October 20, the latest figure available, the grand total of all benefit recipients rose slightly w/w to 5.077M. The latest was down by one-quarter y/y and was off by more than one-half since the peak in January 2010.
By state, the insured unemployment rate continued to vary greatly with Virginia (1.24%), Indiana (1.52%), Texas (1.53%), Ohio (1.56%), Tennessee (1.64%), Louisiana (1.68%), Florida (1.81%) and Michigan (2.13%) at the low end of the range. At the high end were Massachusetts (2.49%), Illinois (2.54%), New York (2.62%), Nevada (2.71%), Connecticut (2.99%), New Jersey (3.12%), California (3.18%) and Pennsylvania (3.21%).
Data on weekly unemployment insurance programs are contained in Haver's WEEKLY database, including the seasonal factor series, and they are summarized monthly in USECON. Data for individual states, including the unemployment rates that determine individual state eligibility for the extended benefits programs and specific "tiers" of the emergency program, are in REGIONW, a database of weekly data for states and various regional divisions. Action Economics consensus survey estimates are in AS1REPNA.
Estimated Rules for Monetary Policy from the Federal Reserve Bank of St. Louis is available here.
| Unemployment Insurance (000s) | 11/03/12 | 10/27/12 | 10/20/12 | Y/Y% | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|
| Initial Claims | 355 | 363 | 372 | -8.5 | 409 | 459 | 574 |
| Continuing Claims | -- | 3,127 | 3,262 | -14.2 | 3,745 | 4,544 | 5,807 |
| Insured Unemployment Rate (%) | -- | 2.4 | 2.5 | 2.9 (10/11) |
3.0 | 3.6 | 4.4 |
| Total "All Programs" (NSA) | -- | -- | 5.077M | -25.7 | 7.750M | 9.850M | 9.163M |
