- New Zealand: External Migration (Jan)
- Bangladesh: Monetary Survey (Dec), BOP (Nov), E-Banking and E-Commerce (Q4)
- France: Registered Unemployed & Job Vacancies (Jan)
- US: New Residential Sales (Jan)
- Consumer Sentiment Detail (Feb-final)
- Ireland: Personal Bankruptcies (Q4)
- more updates...
Economy in Brief
Italian Confidence Registers Split-Decision
In February, Italian consumer confidence trolled a five-month low while business confidence perked up...
U.S. FHFA House Price Measure Increases Steadily
The FHFA U.S. house price index rose 6.2% during all of 2016...
U.S. Initial Unemployment Insurance Applications Increase
Initial claims for unemployment insurance increased to 244,000 (-7.6% y/y) during the week ended February 18...
German GfK Confidence Will Step Back in March
Despite a coming setback to German confidence in March, the GfK look-ahead confidence reading remains strong...
U.S. Existing Home Sales Increase in January; Prices Slip
Sales of existing single-family homes increased 3.3% (3.8% y/y) to 5.690 million units (AR) during January...
U.S. Gasoline Prices Slip; Crude Oil Improves
Regular gasoline prices of $2.30 per gallon (+33.1% y/y) last week were down a penny from the prior week...
by Tom Moeller February 16, 2017
Initial claims for unemployment insurance increased to 239,000 (-8.1% y/y) during the week ended February 11 from unrevised claims of 234,000 in the prior week. The four-week moving average of claims rose to 245,250, still near the lowest level since October 1973. Expectations had been for 245,000 claims in the Action Economics Forecast Survey. During the last ten years, there has been a 74% correlation between the level of initial claims and the m/m change in nonfarm payrolls.
Continuing claims for unemployment insurance slipped to 2.076 million (-7.7% y/y) in the week of February 4 from 2.079 million. The four-week moving average of claimants eased to 2.080 million.
The insured rate of unemployment remained at 1.5%, which has been the average since September.
Insured rates of unemployment across states continue to vary widely. For the week ended January 28, the lowest rates were in Florida (0.55%), North Carolina (0.67%), Virginia (0.84%), Tennessee (0.85%), South Carolina (0.88%) and Nebraska (0.90%). The highest rates were found in California (2.50%), Pennsylvania (2.87%), Connecticut (3.00%), New Jersey (3.11%), Montana (3.16%) and Alaska (4.49%). The state 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 (SA, 000s)||02/11/17||02/04/17||01/28/17||Y/Y %||2016||2015||2014|
|Insured Unemployment Rate (%)||--||1.5||1.5||