Weekly Unemployment Claims (every Thursday)
Last week’s unemployment figures were posted early this morning, revealing 263,000 new filings. This was a decline from the previous week’s revised total of 276,000 initial claims for benefits and softer than the 275,000 that was predicted. The decline indicates that the employment sector may have strengthened last week, technically making the data bad news for bonds and mortgage rates. However, since this is only a weekly snapshot the results have had little impact on this morning’s pricing.