The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims. The department has detected an incorrect application of seasonal factors. Seasonally adjusted series in [...]
- Global| Mar 24 2017
Correction to Unemployment Insurance Weekly Claims
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 24 2017
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February following a 2.3% January gain, initially reported as 1.8%. A 1.2% increase in orders had been expected in the Action Economics Forecast Survey. The headline rise in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 23 2017
U.K. Retail Looks Less Bulletproof; BOE's Next Move May Not Be As Clear Cut As You Think
For the most part, the assessments embodied in the March survey from the UK's CBI (Confederation of British Industry) are being taken as being upbeat. But I see a bit too much complacency in that spin. Reported sales, compared to one [...]
- Global| Mar 23 2017
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity increased to 20 during March from an unrevised 14 in February. It was the highest level since March 2011. Strength in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 23 2017
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR) from January's 558,000, revised from 555,000. Expectations had been for 565,000 sales in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 23 2017
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18 from 243,000 in the prior week, revised from 241,000. The latest level was the highest in seven weeks. Expectations had been for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 22 2017
U.S. Existing Home Sales Fall to Five-Month Low; Inventory Remains Tight
Sales of existing single-family homes declined 3.7% (+5.4% y/y) to 5.480 million units (AR) during February, and reversed January's increase. Expectations had been for 5.590 million purchases in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 22 2017
Japan's Trade Trends Turn Sharply Higher; Much of the Gain Is Recent; Much of that Is in Prices
Japan has logged its largest current account surplus since April 2010. The 2011 Tsunami led to a nationwide nuclear power plant shut down, increasing oil imports and depressing the trade position in its aftermath for an extended [...]
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