Weekly Unemployment Claims (every Thursday)
Today’s only economic news was last week’s unemployment update that showed 274,000 new claims for unemployment benefits were filed. This was an increase from the previous week’s 257,000 new claims and exceeded forecasts of 259,000. This is good news for the bond and mortgage markets because it indicates the employment sector softened last week. Unfortunately, this is only a weekly report, so its impact on today’s trading has been minimal.