Global| Apr 08 2004Jobless Claims Lowest Since Early 2001
by:Tom Moeller
|in:Economy in Brief
Summary
Initial claims for jobless insurance fell 14,000 last week to 328,000, the lowest level since January 2001. The prior week's level was unrevised and Consensus expectations had been for 340,000 claims. The 4-week moving average of [...]
Initial claims for jobless insurance fell 14,000 last week to 328,000, the lowest level since January 2001. The prior week's level was unrevised and Consensus expectations had been for 340,000 claims.
The 4-week moving average of initial claims fell to 336,750 (-19.6% y/y), the lowest level since November 2000.
Continuing claims for unemployment insurance fell 40,000 in the week ended 3/27 and the prior week's increase was revised down to 23,000 from 32,000.
The insured rate of unemployment was unchanged at 2.4% for the fifth consecutive week.
From the Federal Reserve Board's Finance and Discussion Series is the following paper on the tax effects on self-employment.
| Unemployment Insurance (000s) | 04/03/04 | 3/27/04 | Y/Y | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|
| Initial Claims | 328 | 342 | -20.8% | 403 | 404 | 406 |
| Continuing Claims | -- | 3,010 | -14.3% | 3,533 | 3,573 | 3,023 |
Tom Moeller
AuthorMore in Author Profile »Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
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