Recent Updates
- UK Regional: E.SURV HPI by Region and London Borough (Nov)
- UK: Rightmove HPI (Jan), E.SURV HPI (Dec)
- Mexico: Manufacturing Employment (Nov)
- Brazil: Economic Activity (Nov)
- Japan: NCI Economic Activity Index (Jan)
- more updates...
Economy in Brief
U.S. Retail Sales Continue to Fall During December as COVID-19 Cases Increase
Total retail sales declined 0.7% (+2.9% y/y) during December...
Empire State Manufacturing Index Declines in January
The Empire State Manufacturing Index of General Business Conditions decreased to 3.5 in January...
U.S. Industrial Production Continues Recovery
Industrial production advanced 1.6% in December...
U.S. PPI Rose 0.3% in December
The Producer Price Index for final demand rose 0.3% (0.8% y/y) in December...
U.S. Business Inventories Accumulate during November as Sales Weaken
Total business inventories increased 0.5% during November (-3.2% y/y)...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Carol Stone, CBE December 19, 2019
Initial claims for unemployment insurance decreased 18,000 in the week ended December 14 to 234,000 (+6.4% y/y) from the prior week's 252,000, which was unrevised. The Action Economics Forecast Survey expected a somewhat larger decline to 222,000 claims. The four-week moving average of initial claims rose to 225,500 from 224,000.
Continuing claims for unemployment insurance in the week ended December 7 rose 51,000 to 1.722 million (+1.3% y/y). The November 30 figure was revised up 4,000 to 1.671 million. The four-week moving average of claimants edged upward to 1.684 million.
The insured rate of unemployment remained at 1.2% in the week of December 7. Except for two weeks in September and one week in mid-November, when the rate was at 1.1%, it has been 1.2% since May 2018.
Insured unemployment rates vary widely by state. During the week ending November 30, the lowest rates were in Nebraska (0.36%), South Dakota (0.41%), Florida and North Carolina (0.45%), and New Hampshire (0.50%). The highest rates were in California (1.90%), Montana (1.96%) West Virginia (2.09%), New Jersey (2.19%), and Alaska (3.11%). Among the other largest states by population not mentioned above the rate was 1.12% in Texas, 1.49% in New York and 1.79% in Pennsylvania. These state data are not seasonally adjusted, thus Alaska has particularly large seasonal swings in insured rates of unemployment.
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) | 12/14/19 | 12/07/19 | 11/30/19 | Y/Y % | 2018 | 2017 | 2016 |
---|---|---|---|---|---|---|---|
Initial Claims | 234 | 252 | 203 | 6.4 | 220 | 244 | 262 |
Continuing Claims | -- | 1,722 | 1,671 | 1.3 | 1,756 | 1,961 | 2,135 |
Insured Unemployment Rate (%) | -- | 1.2 | 1.2 |
1.2 |
1.2 | 1.4 | 1.6 |