Weekly Unemployment Claims (every Thursday)
Last week’s unemployment figures were posted at 8:30 AM ET this morning, revealing that 233,000 new claims for unemployment benefits were filed. This was a noticeable decline from the previous week’s revised 248,000 initial claims and lower than the 245,000 that was expected. That indicates the employment sector was stronger than thought last week, making the data negative for bonds and mortgage rates. However, this is only a weekly snapshot. Therefore, we are not seeing much of a reaction in the markets.