Weekly Unemployment Claims (every Thursday)
The first of this morning’s economic news came in last week’s unemployment figures. They revealed that 201,000 new claims for unemployment benefits were filed last week. This was lower than the 209,000 that was expected and a decline from the previous week’s 204,000 initial filings. Because declining initial claims is a sign of employment sector strength, we should consider the news negative for bonds and mortgage rates. Fortunately though, this is only a weekly snapshot so its impact on today’s mortgage rates has been minimal.