High-Frequency Update: 11-9-25
U.S. hotel occupancy plunged last week
Arizona initial claims for unemployment insurance ticked up to 2,627 for the week ended October 25 (latest data), up from 2,612 the prior week. That was down 12.5% over the year and down 32.3% from 2019.
U.S. weekly initial claims for unemployment insurance data will not be updated during the federal government shutdown.
The U.S. hotel occupancy rate plunged to 59.3% for the week ended November 1, down from 66.6^ the prior week. That was down 2.5% over the year and down 5.4% from 2019.
U.S. movie box office sales fell to $81.0 million for the week ended November 6, down from $108.4 million the prior week. That was down 17.8% over the year and down 48.4% from 2019. New movie releases were down 30.8% from 2019.
U.S. TSA traveler throughput fell to 16.8 million for the week ended November 1, down from 17.9 million the prior week. That was up 3.4% over the year and up 11.7% from 2019.
Weekly data on Arizona new business applications continue to be published by the Census Bureau, but only on a monthly basis. Data for September has not been updated due to the federal government shutdown.
Data on seated diners at restaurants using the OpenTable app is no longer being updated to compare the current week to 2019 results.
As of October 15, 2022, Google stopped updating mobility data.
Key News Articles and Research (subscription may be required)
Curated by Valorie Rice, Senior Business Information Specialist
Arizona and general topics: Project Blue developer applies for 600 acres in Marana to build data center campus (AR 10/31)
Automation / AI: The rapid adoption of generative AI (FRBSL 10/27)
Demographic / socioeconomic / Census: People are having fewer kids. Their choice is transforming the world’s economy (NPR 10/27)
Federal statistics: What happens when no one trusts a country’s economic data (PBS 10/24)
Economy: Automakers take a hit from tariffs, but some still see strong earnings (NPR 10/31)
Education / early childhood development: Mississippi will use tech to fill empty teaching positions (Forbes 10/23)
Energy / environment / infrastructure: New way to turn sewage to drinking water could transform San Diego’s water plans (Governing 10/29)
Housing / real estate: The role of single-family rentals in the U.S. housing market (FRBSL 10/31)
Mexico/trade: Deal between the US and China is undoing damage from a self-inflicted trade war (AP 10/30)
Wages/income/wealth: Trump administration moves to overrule state laws protecting credit reports from medical debt (AP 10/28)
Workforce/employment/labor market: Immigration can’t explain declining employment growth (FRBM 10/31)