Weekly Unemployment Claims (every Thursday)
Last week’s unemployment figures were also be posted at 8:30 AM ET, revealing 271,000 new claims for unemployment benefits. This was lower than the 275,000 that was expected and a decline from the previous week’s 277,000. That makes the data bad news for bonds and mortgage rates, but this is a minor report and the variance was not significant. Therefore, it has had a limited impact on today’s trading.