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High-Frequency Update: 4-14-24

April 14, 2024

U.S. TSA traveler throughput remained strong last week

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Arizona initial claims for unemployment insurance rose to 3,971 for the week ended April 6, up from 3,471 the prior week. That was down 8.5% over the year and down 21.0% from 2019.

U.S. initial claims for unemployment insurance fell 4.0% over the year for the week ended April 6, reaching 214,386. That was up from the prior week and up 9.3% from 2019.

The U.S. hotel occupancy rate rose to 64.1% for the week ended April 6, up from 62.3% the prior week. That was up 4.6% over the year but down 6.7% from 2019.

U.S. movie box office sales dropped to $112.2 million for the week ended April 11, down from $185.9 million the prior week. That was down 60.6% over the year and down 41.8% from 2019. New movie releases were down 42.5% from 2019.

U.S. TSA traveler throughput fell modestly for the week ended April 6, to 17.4 million. That was down from 17.8 million the prior week but up 6.8% over the year. Throughput was up 8.9% from 2019.

Arizona new business applications rose to 740 for the week ended April 6, up from 720 the prior week. That was down 6.3% 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Data on seated diners at restaurants using the OpenTable app is no longer being updated to compare the current week to 2019 results.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 

Use your cursor as a tooltip and click on charts to view values. Click on the names of indicators listed at the bottom any chart to switch them on/off to view fewer at one time and make comparisons. Icons allow you to download and share.



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.

Note: See (http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html) for further definitions. Regular Gasoline has an antiknock index (average of the research octane rating and the motor octane number) greater than or equal to 85 and less than 88. Octane requirements may vary by altitude.






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.