Weekly Unemployment Claims (every Thursday)
Tomorrow has two 8:30 AM ET economic reports being posted, but neither are considered to be highly important. The first will be last week’s unemployment figures. They are expected to show that 252,000 new claims for unemployment benefits were filed last week, up from the previous week’s 247,000. The larger the number of claims, the better the news it is for bonds and mortgage rates because rising claims is a sign of a softening employment sector. However, this is only a weekly snapshot of the sector, so its influence on mortgage rates is often weak unless it shows a significant variance from forecasts.