Recent Updates
- China: GDP (Q1)
- Euro area: CSPP Holdings Detail (Q1)
- US: Consumer Sentiment (Apr-prelim), New Residential Constr (Mar)
- Hong Kong: Personal Bankruptcy Petitions, Clearing
- more updates...
Economy in Brief
U.S. Housing Affordability Fell Back in February, but Still in Recent Range
The NAR U.S. Fixed Rate Mortgage Housing Affordability Index decreased 7.6% (-1.4% y/y) in February to 173.1...
European New Car Registrations Remarkably Strong Yet Forgettable
Car registrations are not going to be the only statistic that bears these dual and seemingly dueling characteristics...
U.S. Retail Sales Soar in March
Total retail sales including food service and drinking establishments increased 9.8% (27.7% y/y) during March...
U.S. Industrial Production Rebounded in March
Industrial production rebounded in March, rising 1.4% m/m (+1.0% y/y)...
U.S. Home Builder Index Edges Higher in April
The NAHB-Wells Fargo Composite Housing Market Index rose 1.2% to 83 during April...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Carol Stone, CBE November 15, 2018
Initial claims for unemployment insurance rose to 216,000 (-13.6% y/y) during the week ended November 10 from 214,000 in the previous week, which was unrevised. The Action Economics Forecast Survey expected 213,000 claims. The four-week moving average of initial claims of 215,250 stands above the low of 206,000 in mid-September.
Continuing claims for unemployment insurance rose to 1.676 million (-11.3% y/y) in the week ending November 3 from 1.630 million in the prior week, which was revised from 1.623 million. This is the highest level of continuing claims since September 1. The four-week moving average of claimants climbed to 1.644 million from 1.635 million.
The insured rate of unemployment inched back up to 1.2% after sitting at the record low of 1.1% for three weeks. These data extend back to 1971. Prior to September 2016, the record low had been 1.6% in 2000.
Insured rates of unemployment vary widely by state. During the week ending October 27, the lowest rates were in South Dakota (0.21%), North Dakota (0.31%) and Nebraska (0.33%), with Indiana, New Hampshire, North Carolina and Utah all at 0.46%. The highest rates were in Pennsylvania (1.42%), Connecticut (1.56%), California (1.64%), New Jersey (1.88%) and Alaska (2.20%). Among the other largest states by population, the rates were 1.16% in New York, 1.26% in Illinois, 0.85% in Texas and 0.48% in Florida. 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) | 11/10/18 | 11/03/18 | 10/27/18 | Y/Y % | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|
Initial Claims | 216 | 214 | 215 | -13.6 | 245 | 263 | 278 |
Continuing Claims | -- | 1,676 | 1,630 | -11.3 | 1,961 | 2,136 | 2,267 |
Insured Unemployment Rate (%) | -- | 1.2 | 1.1 |
1.4 |
1.4 | 1.6 | 1.7 |