Initial jobless claims for the week ending December 13 were a seasonally adjusted 289k, down from the prior week’s revised reading of 295k. Not seasonally adjusted, jobless claims for the week were 327k.
Individual states that had changes in claims of more than 1k (not seasonally adjusted):
The 4-week moving average of initial jobless claims was 299k.
The number of unemployment insurance recipients, or continuing claims, for regular state programs was 2.373 million, down from the previous week’s revised reading of 2.520 million.
The insured unemployment rate, which is the number of unemployment insurance recipients as a share of covered employment, was 1.79%,down from 1.90% the week prior.
90.12% of all U.S. jobs are covered by state unemployment insurance programs.
Of the 9.110 million Americans currently unemployed, 26.05% receive unemployment insurance.
Jobless claims and the unemployment rate:
The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.3% in November on a seasonally adjusted basis, as reported by the U.S. Bureau of Labor Statistics. Over the last 12 months, the all items index increased 1.3%.
The core CPI, which excludes food and energy, increased 0.1% in November and is up 1.7% year over year.
The All Food index increased 0.2% in and is up 3.2% from a year ago. The All Energy index decreased 3.8% and is down 4.9% from a year ago.
The Producer Price Index for final demand decreased 0.3% in November, seasonally adjusted. The index for final demand increased 1.4% for the 12 months ended in November.
The core PPI, which excludes food and energy, was unchanged and is up 1.7% from a year ago.
U.S. privately-owned housing starts in November were at a seasonally adjusted annual rate of 1.028 million. This is 1.6% below the revised October estimate of 1.045 million, and is 7.0% below the November 2013 rate of 1.105 million.
Single-family starts decreased to an annual rate of 0.677 million from 0.716 million and multi-unit starts increased to 0.351 million from 0.329 million.
U.S. industrial production increased 1.3% in November after having increased 0.1% in October. At 106.7% of its 2007 average, total industrial production in November was 5.2% above its level of a year earlier.
The output of manufacturing increased 1.1% in November, production at mines decreased 0.1%, and output of utilities increased 5.1%.
Capacity utilization for total industry increased in November to 80.1%. That is equal to its long-run (1972–2013) average.
The Federal Reserve published its quarterly Z.1 report today (also known as the Flow of Funds report) which summarizes the balance sheets for U.S. households.
U.S. household net worth decreased to $81.3 trillion in the third quarter from $81.5 trillion in the second quarter, and is up 6.7% from last year.
Assets were little changed at $95.4 trillion and liabilities increased to $14.1 trillion from $13.9 trillion.
Financial assets as a share of total assets decreased to 70.0% in Q3 from 70.3% in Q2.
Real estate, the largest household asset, made up 24.3% of total assets from 24.0% in Q2.
Home mortgages as a share of liabilities declined to 66.7% from a high of 75.0% in 2009.
The combined value of distributive trade sales and manufacturers’ shipments for October, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1.351 trillion. That is down 0.1% from September, but is up 3.4% from a year ago.
Manufacturers’ and trade inventories were estimated at an end-of-month level of $1.760 trillion. That is up 0.2% from September and up 4.8% from a year ago.
The total business inventories-to-sales ratio at the end of October was 1.303, up from 1.299 in September. The October 2013 ratio was 1.286.
Retail and food services sales for November, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $449.3 billion.
This is up 0.7% from October’s sales and up 5.1% from November 2013.
Sales increased the most, both relatively and nominally, in November for autos & auto parts, rising 1.7%. The only monthly decreases were 0.8% in gas and 1.7% in miscellaneous retailers.
All categories except for gas stations have seen retail sales increase year over year.