Recent Updates
- Euro area: PPI (Jan)
- Iraq: Public Internal Debt (Jan-Prelim)
- Italy: Final GDP (Q4)
- UK: International Reserves, Narrow Money (Feb)
- Capacity Utilization, Orders to Inventory Ratio (Feb)
- more updates...
Economy in Brief
U.S. Gasoline & Crude Oil Prices Continue to Strengthen
The price of regular gasoline strengthened to $2.71 per gallon (11.9% y/y) in the week ended March 1...
Post Covid-19 Turbulence Rocks and Weakens German Retail Sales
German and other European retail sales have been put through a sort of test of fire in the wake of the covid-19 virus arrival...
ISM Manufacturing Index Improves in February as Prices Continue to Strengthen
Factory sector activity recovered last month following moderate weakening in January...
NABE Projects Firm Growth in 2022, as in 2021
The NABE expects 4.0% real GDP growth in 2022 following a 4.8% rise during 2021...
U.S. Construction Spending Strengthens Again in January
Building activity continues to strengthen...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Carol Stone, CBE March 1, 2018
Initial unemployment insurance claims fell to 210,000 (-7.9% y/y) during the week ended February 24 from 220,000 in the prior week, which was revised from 222,000. Expectations in the Action Economics Forecast Survey looked for 226,000 claims. The four-week moving average eased to 220,500, the smallest amount since December 27, 1969.
In the week ended February 17, continuing claims for unemployment insurance rose to 1.931 million (-5.7% y/y) from 1.874 million. The four-week moving average of claimants still did decline, to 1.920 million from 1.926 million the week before.
The insured rate of unemployment returned to its longstanding 1.4% from the prior week's 1.3%.
Insured rates of unemployment varied widely by state. During the week ended February 10, southern states were again the lowest, including Florida (0.40%), North Carolina (0.57%), Georgia (0.71%), Virginia (0.75%) and Tennessee (0.77%). Northeastern states were generally the highest, including New Jersey (2.96%), Connecticut (2.88%), Rhode Island (2.72%) and Massachusetts (2.57%); other high end states were Montana (2.80%) and Alaska (3.81%). These 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.
Unemployment Insurance (SA, 000s) | 02/24/18 | 02/17/18 | 02/10/18 | Y/Y % | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|
Initial Claims | 210 | 220 | 229 | -7.9 | 245 | 263 | 278 |
Continuing Claims | -- | 1,931 | 1,874 | -5.7 | 1,962 | 2,135 | 2,266 |
Insured Unemployment Rate (%) | -- | 1.4 | 1.3 |
1.5 |
1.4 | 1.6 | 1.7 |