Weekly Unemployment Claims (every Thursday)
The second report of the morning was last week’s unemployment figures that showed 267,000 new claims for unemployment benefits were filed last week. This was an increase from the previous week’s 255,000 initial claims but was not as high as the 272,000 that was predicted. The good news is that the data indicates the employment sector weakened slightly last month. The not so good news is that it was still stronger than analysts thought. Therefore, we can consider the data neutral for mortgage rates.