Arizona initial claims for unemployment insurance ticked down for the week ended March 16, reaching 3,241. That was below the prior week total of 3,386. Claims were up 7.8% over the year but down 4.3% from 2019.
U.S. initial claims for unemployment insurance dropped to 189,992 for the week ended March 16, down 10.8% over the year and down from 202,722 the prior week. Claims were also down 2.2% from 2019.
The U.S. hotel occupancy rate spiked to 66.5% for the week ended March 16, up from 63.2% the prior week. That was down 1.6% over the year and down 5.3% from 2019.
U.S. movie box office sales fell to $121.3 million for the week ended March 21, down from a revised $188.8 million the prior week. That was up 0.6% over the year but down 35.5% from 2019. New movie releases were down 49.6% from 2019.
U.S. TSA traveler throughput rose to 17.5 million for the week ended March 16, up from 16.8 million the prior week. That was up 6.4% over the year and up 5.6% from 2019.
Arizona new business applications dropped to 680 for the week ended March 16, down from 760 the prior week. That was down 12.8% over the year.
Data on seated diners at restaurants using the OpenTable app is no longer being updated to compare the current week to 2019 results.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.
Weekly Indicators
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Note: The official initial claims for unemployment insurance numbers for the U.S. are released every Thursday morning covering the week ending on the previous Saturday.
The U.S. Census Bureau continues to produce weekly estimates; however, the weekly estimate files are published as part of the
Monthly Business Formation Statistics (BFS) Release.One key dataset with these estimates is High-Propensity Business Applications, a subset of total weekly business applications in Arizona that measures the number of applications with a high-propensity of turning into a business with a payroll, based on various factors. These data reflect weekly applications for Employer Identification Numbers (EINs) in Arizona which are likely to result in employment and wages. These include applications: (a) from a corporate entity, (b) that indicate they are hiring employees, purchasing a business or changing organizational type, (c) that provide a first wages-paid date (planned wages); or (d) that have a NAICS industry code in manufacturing (31-33), retail stores (44), health care (62), or restaurants/food service (72). Applications for EINs occur before the jobs and wages are added, so this is a leading indicator.
Read more about the Business Application dataset from the
U.S. Census Bureau.
