Weekly Unemployment Claims (every Thursday)
Last week’s unemployment figures were released at 8:30 AM ET, revealing 222,000 new claims for unemployment benefits were field. This was a decline from the previous week’s revised 229,000 initial filings, hinting at a strengthening employment sector. Forecasts were calling for an increase in new claims that would have pointed towards weaker employment growth. That means we should consider the data bad news for mortgage rates. Fortunately though, this is only a weekly snapshot and has not had much of an influence on this morning rates.