Global| Sep 24 2015U.S. Initial Jobless Insurance Claims Notch Higher
by:Tom Moeller
|in:Economy in Brief
Summary
Initial unemployment insurance claims rose to 267,000 (-8.4% y/y) during the week ended September 19 from an unrevised 264,000 during the prior week. The four week moving average of claims was little-changed at 271,750. The Action [...]
Initial unemployment insurance claims rose to 267,000 (-8.4% y/y) during the week ended September 19 from an unrevised 264,000 during the prior week. The four week moving average of claims was little-changed at 271,750. The Action Economics Forecast Survey expected 271,000 initial claims in the latest week.
In the week ended September 12, continuing claims for unemployment insurance were little-changed w/w at 2.242 million (-8.4% y/y). The four-week moving average eased to 2.252 million and has been moving sideways since mid-July.
The insured rate of unemployment remained at 1.7%, near the lowest point since June 2000.
By state, the insured rate of unemployment continued to vary with South Dakota (0.27%), Indiana (0.73%), Virginia (0.74%), Florida (0.82%), South Carolina (0.85%) and Maine (0.85%) at the low end of the range. At the high end were Massachusetts (1.87%), California (2.07%), Connecticut (2.08%), Pennsylvania (2.18%), Alaska (2.20%) and New Jersey (2.66%). These 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 survey, carried in the AS1REPNA database.
Big Cities and the Highly Educated: What's the Connection? from the Federal Reserve Bank of Philadelphia can be found here.
| Unemployment Insurance (000s) | 09/19/15 | 09/12/15 | 09/05/15 | Y/Y % | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|
| Initial Claims | 267 | 264 | 275 | -8.4 | 309 | 343 | 374 |
| Continuing Claims | -- | 2,242 | 2,243 | -8.4 | 2,599 | 2,978 | 3,319 |
| Insured Unemployment Rate (%) | -- | 1.7 | 1.7 | 1.9 (8/14) |
2.0 | 2.3 | 2.6 |
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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