Weekly Unemployment Claims (every Thursday)
Today’s second release was last week’s unemployment figures, also at 8:30 AM ET. They showed that only 220,000 new claims for unemployment benefits were filed last week, falling well short of the 251,000 that was expected. It also is a significant decline from the previous week’s 261,000. Because declining claims is a sign of a strengthening employment sector, we should consider this data bad news for mortgage rates.