Weekly Unemployment Claims (every Thursday)
Also posted this morning was last week’s unemployment figures that showed 262,000 new claims for benefits were filed during the week. This was an increase from the previous week’s revised 248,000 initial filings, making the data slightly favorable for rates. However, the previous week now shows a downward revision, creating an increase in last week’s numbers. The total number of claims last week nearly pegged expectations, allowing us to label the report as neutral for bonds and mortgage pricing.