- 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.
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| May 01 2024U.S. Job Openings Fell in March, but So Did Layoffs
- Initial claims maintain tight range for almost 2 years.
- Continuing claims still fairly steady since May 2023.
- Insured unemployment rate holds at 1.2%, also since May 2023.
USA| Apr 11 2024U.S. Jobless Claims Ease in April 6 Week
- Initial claims decrease 11,000 to 211,000.
- Continuing claims maintain fairly steady amount since May 2023.
- Insured unemployment rate holds at 1.2% since March 2023.
- Initial jobless claims highest since late January.
- But continuing claims decrease somewhat in March 23 week.
- Insured unemployment rate still holds at 1.2%.
- Contractions in Kansas City Fed survey extends to 18th month.
- Production, new orders and other individual components had negative moves in March.
- Prices did strengthen, for both finished goods sold and raw materials bought.
- Aircraft orders rise in February after January drop.
- Ex-transportation, new orders also increase.
- Advance in orders involves most individual industry sectors.
USA| Mar 21 2024U.S. Current Account Deficit Eases Slightly in Q4
- Balance on goods widened a bit in Q4, while the services balance narrowed.
- Net primary income flows nearly offsetting, producing small change.
- Capital account mixed with net direct investment, but net sales of portfolio assets.
USA| Mar 20 2024U.S. Mortgage Applications Edge Down in March 15 Week After a Notable Increase the Week Before
- Applications for both purchase loans and refinancing eased in latest week.
- Rates rise modestly in March 15 week for nearly all major types of loans.
- Shares of refinance loans and of ARMs both down slightly in latest week.
- Annual revisions lower initial claims modestly.
- Continuing claims up moderately in Feb. 24 week.
- Insured unemployment rate steady for a whole year.
- Federal gov’t largest borrowing sector, with highest ratio to GDP since 2009, except for the Covid period.
- U.S. households reduced their borrowing in Q4, for mortgages in particular.
- Businesses also borrowed less in Q4.
- Nonrevolving credit up 0.5% y/y in January.
- Revolving credit up 8.5% y/y.
- Initial claims up 13,000; maintain tight range
- Continuing claims also up moderately; 4-week average rises to 26-month high.
- Insured unemployment rate maintains tight 1.2%-1.3% range.
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