Recent Updates
- US: Mfg & Trade Inventories & Sales (Jun), Adv Retail Sales (Jul)
- US: Job Openings and Labor Turnover Survey by State (Jun)
- Kyrgyz Republic: National Bank Balance Sheet (Jun), IP (Jul)
- US: CEO Confidence Survey (Q3)
- China Regional: IP Value Added, Investment in Fixed Assets (Jul)
- more updates...
Economy in Brief
U.S. Housing Starts Drop to 1.446 Mil. in July
Toal housing starts fell 9.6% m/m (-8.1% y/y) to a lower-than-expected 1.446 million...
U.S. Gasoline Prices Decline While the Cost of Crude Oil Rises
Retail gasoline prices fell to $3.94 per gallon (+24.1% y/y) last week...
ZEW Experts Still See Depressed Conditions and Harbor Weak Expectations
the current situation in the eyes of the ZEW experts strengthened in August in the U.S. and the U.K. but...
U.S. Home Builder Index Extends Downward Trend
The NAHB-Wells Fargo Composite Housing Market Index declined 10.9% during August (-34.7% y/y) to 49...
U.S. Empire State Manufacturing Index Plummets in August; Lowest Since May '20
The Empire State Manufacturing Index of General Business Conditions plunged to -31.3 in August...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Carol Stone, CBE July 26, 2018
Initial claims for unemployment insurance increased to 217,000 during the week ended July 21, 9,000 higher than the 208,000 of the prior week. That was revised up by 1,000, but it remains the lowest since December 6, 1969. The Action Economics Forecast Survey looked for 215,000 claims in the latest period. The four-week moving average of initial claims was 218,000, compared with 220,750 the week before.
In the week ending July 14, continuing claims for unemployment insurance eased to 1.745 million from 1.753 million the week before; that was revised from 1.751 million. The four-week moving average of claimants was 1.746 million, up from 1.738 million in the July 7 week.
The insured rate of unemployment remained at its record low of 1.2% for the eleventh week in a row and the twelfth of the last 13 weeks.
Insured rates of unemployment varied widely by state. During the week ended July 7, the lowest rates were in South Dakota (0.29%), Indiana (0.48%), North Carolina (0.49%), Nebraska (0.50%), and Florida (0.53%). The highest rates were in Alaska (2.02%), Pennsylvania (2.04%), Rhode Island (2.07%), Connecticut (2.33%), and New Jersey (2.52%). Among some other states, the rate was 1.63% in New York, 1.59% in Illinois and 1.09% in Texas. These state 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 Forecast Survey, carried in the AS1REPNA database.
Unemployment Insurance (SA, 000s) | 07/21/18 | 07/14/18 | 07/07/18 | Y/Y % | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|
Initial Claims | 217 | 208 | 215 | -10.3 | 245 | 262 | 278 |
Continuing Claims | -- | 1,745 | 1,753 | -11.1 | 1,961 | 2,135 | 2,266 |
Insured Unemployment Rate (%) | -- | 1.2 | 1.2 |
1.4 |
1.4 | 1.6 | 1.7 |