The biggest news of the week comes Friday morning. The Labor Department will post the unemployment rate, number of new jobs added or lost and average hourly earnings for August early Friday morning. The ideal scenario for the bond market and mortgage rates is rising unemployment, a drop in payrolls and earnings to fall slightly. Analysts are expecting to see that the unemployment rate fell 0.1% to 4.8% and that 180,000 jobs were added during the month. Weaker than expected readings would signal employment sector weakness and would be very good news for bonds and mortgage rates Friday. However, if we get stronger than expected numbers, mortgage rates will probably spike higher Friday as it would give the Fed a good reason to raise key short-term interest rates sooner than later.