Weekly Unemployment Claims (every Thursday)
Last week’s unemployment figures that were posted at 8:30 AM ET this morning revealed that 216,000 new claims for unemployment benefits were filed. This was an increase from the previous week’s revised 208,000 initial filings. Since rising claims is a sign of employment sector weakness, the figure was good news for bonds and mortgage rates. However, it nearly pegged expectations and this is only a weekly snapshot of the sector. Therefore, we have not seen a reaction to the news this morning.