- Applications for loans to purchase and to refinance were both down in latest week.
- Interest rates on 30-year fixed-rate loans basically steady.
Introducing
Carol Stone, CBE
in:Our Authors
Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
Publications by Carol Stone, CBE
USA| Jul 31 2024U.S. Mortgage Applications Decrease for a Second Week
USA| Jul 16 2024U.S. Business Inventories Rise 0.5% in May
- Retail inventories up 0.6%, led by motor vehicles.
- Business sales flat in May as manufacturers’ shipments fell.
- Overall inventory/sales ratio unchanged for a fourth month.
- Initial claims less than forecast survey had shown.
- Continuing claims decrease slightly, but still relatively higher than prior months.
- Insured unemployment rate maintains 1.2% amount for 15 months.
USA| Jul 03 2024U.S. Initial Jobless Claims Rise Just 4,000 in June 29 Week
- Initial claims hover in tight range over last month.
- Continuing claims up moderately in June 22 week.
- Insured unemployment rate still at 1.2%.
USA| Jun 27 2024U.S. Unemployment Insurance Claims Down 6,000 in June 22 Week
- Initial claims slightly less than expected.
- Continuing claims did rise in June 15 week, but prior week revised down somewhat.
- Insured unemployment rate holds at 1.2%, same since March 2023.
USA| Jun 13 2024U.S. Unemployment Insurance Claims Up 13,000 in June 8 Week
- Initial claims slightly higher than expected
- Continuing claims increase moderately, but maintain tight range
- Insured unemployment rate still 1.2%, same since March 2023
USA| Jun 10 2024Borrowers Use Slightly Less Credit in U.S. Markets in Q1
- Federal government borrowing decreased noticeably in Q1.
- Nonfinancial business borrowing surged in Q1 after a much smaller amount in Q4.
- Household borrowing rose modestly in Q1 with mortgage amounts up slightly and consumer credit use down.
USA| Jun 07 2024Consumer Credit Again Shows Modest Growth
- Revolving credit outstanding decreased slightly in April.
- Nonrevolving credit turned up somewhat in April.
- Very tight range in initial jobless claims has held since last August.
- Continued weeks claims also very steady, between 1.728 million and 1.829 million, with flat trend.
- All the more, the insured unemployment rate is unchanged since March 2023.
USA| May 16 2024U.S. Unemployment Insurance Claims Ease by 10,000 in May 11 Week
- Initial claims come back toward recent tight range
- Continued weeks claimed rise somewhat in May 4 week
- But insured unemployment rate holds at 1.2% into a 14th month
USA| May 02 2024U.S. Initial Unemployment Insurance Claims Maintain Tight Range
- Initial claims flat at 208,000 in April 27 week.
- Continued claims also unchanged in April 20 week.
- Insured unemployment rate maintains 1.2% level since March 2023.
USA| May 01 2024U.S. Job Openings Fell in March, but So Did Layoffs
- Job openings rise in just a few industries in March.
- Hiring declined among many industries in March.
- Construction job openings fell in March, but so did construction industry layoffs.
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