Recent Updates
- US: Wholesale Trade (Feb), Producer Prices (Mar)
- US: Producer Price Indexes by Commodity Detail (Mar)
- US: Producer Price Indexes by Industry Detail (Mar)
- Canada: Investment in Building Construction (Feb), Labor Force Survey (Mar)
- more updates...
Economy in Brief
U.S. Wholesale Inventories Post Strong February Gain; Sales Fall
Wholesale inventories increased 0.6% (2.0% y/y) during February...
U.S. Initial Unemployment Insurance Claims Unexpectedly Increase
Initial claims for unemployment insurance rose to 744,000 during the week ended April 3...
Total PMIs Gain Traction in March
The PMI readings for March show improvement again...
U.S. Consumer Credit Outstanding Bounces Back in February
Consumer credit outstanding surged $27.6 billion during February...
U.S. Trade Deficit Widens to Record during February
The U.S. trade deficit in goods and services widened to $71.1 during February...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller January 15, 2015
Initial claims for unemployment insurance continue to track upward. During the week ended January 10, claims jumped to 316,000 (-4.0% y/y) from 297,000 in the week prior, revised from 294,000. The latest was the highest level since the first week of September. The four-week moving average of initial claims edged higher to 298,000, the highest level in four weeks. The Action Economics Forecast Survey expected 292,000 claims in the latest week.
Continuing claims for unemployment insurance in the week ended January 3rd fell to 2.424 million (-17.7% y/y) from 2.475 million. The four-week moving average rose to 2.415 million.
The insured rate of unemployment fell to 1.8% from an upwardly revised 1.9%.
By state, in the week ended December 27, the insured rate of unemployment continued to vary greatly with South Dakota (0.85%), North Carolina (1.06%), Oklahoma (1.07%), Virginia (1.10%), Utah (1.15%) and Tennessee (1.21%) at the low end of the range. At the high end were California (2.76%), Wisconsin (3.04%), Pennsylvania (3.11%), Connecticut (3.33%), New Jersey (3.41%) and Alaska (5.04%). These data are not seasonally adjusted.
Data on weekly unemployment insurance are contained in Haver's WEEKLY database and they are summarized monthly in USECON. Data for individual states are in REGIONW. The expectations figure is from the Action Economics survey, carried in the AS1REPNA database.
Unemployment Insurance (000s) | 01/10/15 | 01/03/15 | 12/27/14 | Y/Y % | 2014 | 2013 | 2012 |
---|---|---|---|---|---|---|---|
Initial Claims | 316 | 297 | 298 | -4.0 | 309 | 343 | 374 |
Continuing Claims | - | 2,424 | 2,475 | -17.7 | 2,599 | 2,978 | 3,319 |
Insured Unemployment Rate (%) | -- | 1.8 | 1.9 | 2.2 (01/14) |
2.0 | 2.3 | 2.6 |