Weekly Unemployment Claims (every Thursday)
Last week’s unemployment update at 8:30 AM ET was uneventful, showing 232,000 new claims for benefits were filed. Analysts were expecting to see 233,000 initial filings, up from the previous week’s revised 230,000. Rising claims are a good indicator of a weaker employment sector, but this was a minor change in a weekly report. Accordingly, it has had no impact on this morning’s bond trading or mortgage rates.