Weekly Unemployment Claims (every Thursday)
Last week’s unemployment update was today’s only relevant economic data. It revealed that 206,000 new claims for unemployment benefits were filed last week, down from the previous week’s
233,000 initial filings. This is technically bad news for bonds because declining claims is a sign that the employment sector is strengthening. Fortunately, because this is only a weekly snapshot, it has had little impact on today’s trading or mortgage pricing.