- Korea: Housing Price Index (Apr)
- US: Consumer Sentiment (Apr-final), GDP (Q1 Adv), ECI (Q1)
- Consumer Sentiment Detail (Apr-final)
- US: Selected NIPA Tables (Q1-Adv), Summary key Source Data (Q1)
- Canada: GDP by Industry (Feb), Industrial Product Prices (Mar)
- *Taiwan National House Price Indexes Rebased to 2016=100.*
- Euro area: HICP (Apr-Flash), ECB Survey of Professional Forecasters (Q2)
- Italy: CPI, HICP (Apr-Prelim)
- Brazil: Sao Paolo Capacity Utilization (Mar);Mexico: Debt (Mar);
- more updates...
Economy in Brief
U.S. Employment Cost Index Has Stronger Gain
Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17...
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March...
EMU Money and Credit Perk Up
There is some noticeable acceleration in EMU money and credit growth...
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March...
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment claims for unemployment insurance rose to 257,000 during the week ended April 22...
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March...
by Tom Moeller April 20, 2017
Initial unemployment claims for unemployment insurance rose to 244,000 during the week ended April 15 (-5.1% y/y) from an unrevised 234,000 in the prior week. It was the highest level of claims in three weeks. Expectations had been for 240,000 claims in the Action Economics Forecast Survey. The four-week moving average fell to 243,000, the lowest level since early last month.
The latest initial claims figure covers the survey period for April nonfarm payrolls. Claims fell 17,000 (-6.5%) from the March survey period. 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 in the week ended April 8 declined to 1.979 million (-7.7% y/y) from 2.028 million. The four-week moving average of claimants fell to 2.026 million, the lowest level since June 2000.
The insured unemployment rate declined to 1.4% and matched the record low.
Insured rates of unemployment across states continue to vary widely. For the week ended April 1, the lowest rates were in North Carolina (0.53%), Nebraska (0.58%), Tennessee (0.62%), Georgia (0.69%), South Carolina (0.67%) and Virginia (0.70%). The highest rates were found in Massachusetts (2.35%), Rhode Island (2.39%), California (2.45%), Connecticut (2.68%), New Jersey (2.76%) and Alaska (3.62%). 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 Forecast Survey, carried in the AS1REPNA database.
The Fed's latest Beige Book covering regional economic conditions can be found here.
|Unemployment Insurance (SA, 000s)||04/15/17||04/08/17||04/01/17||Y/Y %||2016||2015||2014|
|Insured Unemployment Rate (%)||--||1.4||1.5||