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- Global Supply Chain Pressure Index (Mar, Apr)
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Economy in Brief
U.S. Mortgage Applications Continued to Slide Amid Higher Rates
The biggest declines have been in refinancing activity, while applications for purchase are just starting to crack...
UK Inflation Jumps
Inflation is at the highest rate since the series began in January of 1989...
U.S. Industrial Production Much Stronger than Expected in April
The increase in manufacturing output in April was once again led by motor vehicle and parts production...
U.S. Retail Sales Posted Solid Rise in April
Notwithstanding falling real incomes and declining confidence measures, consumer spending posted a solid increase...
U.S. Home Builder Index Took a Steep Drop in May
This is the fifth straight month that builder sentiment has declined...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation & Fed Policy: A Relationship Which Should Worry The Fed And Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
"Core" GDP Suggests Economy Gained Momentum in Q1:2022
by Gerald D. Cohen August 29, 2019
Initial claims for unemployment insurance increased 4,000 to 215,000 (unchanged year-on-year) during the week ending August 24 from a slightly upwardly-revised 211,000 in the prior week. Two weeks ago, claims rose to 221,000. The Action Economics Forecast Survey expected 213,000. The four-week moving average of initial claims, which smooths out week-to-week volatility, edged down to 214,500 from 215,000.
Continuing claims for unemployment insurance increased 22,000 to 1.698 million (-1.1% y/y) in the week ending August 17, from a slightly upwardly-revised 1.676 million in the prior week. The four-week moving average of claimants edged down to 1.697 million from 1.698 million.
The insured rate of unemployment remained at the record low 1.2%, where it has been since May 2018. Data on the insured unemployment rate go back to 1971.
Insured rates of unemployment vary widely by state. During the week ending August 10, the lowest rates were in South Dakota (0.26%), Nebraska (0.40%), Indiana (0.44%), Utah (0.44%), and North Carolina (0.47%). The highest rates were in California (1.72%), Rhode Island (1.77%), Pennsylvania (1.94%), Connecticut (2.18%), and New Jersey (2.38%). Among the other largest states by population not mentioned above, the rate was 1.02% in Texas, 0.49% in Florida, and 1.41% in New York. These state data are not seasonally adjusted.
Data on weekly unemployment claims going back to 1967 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) | 08/24/19 | 08/17/19 | 08/10/19 | Y/Y % | 2018 | 2017 | 2016 |
---|---|---|---|---|---|---|---|
Initial Claims | 215 | 211 | 221 | 0.0 | 220 | 244 | 262 |
Continuing Claims | -- | 1,698 | 1,676 | -1.1 | 1,756 | 1,961 | 2,135 |
Insured Unemployment Rate (%) | -- | 1.2 | 1.2 |
1.2 |
1.2 | 1.4 | 1.6 |