Weekly Unemployment Claims (every Thursday)
We got two minor pieces of economic data this morning, starting with last week’s unemployment numbers at 8:30 AM ET. They showed that 207,000 new claims for unemployment benefits were filed last week. This was a decline from the previous week’s revised 215,000 and lower than the 220,000 that analysts were expecting to see. It was also the fewest number of claims made since December 1969. The decline indicates a strengthening employment sector, making the data bad news for bonds and mortgage rates. However, it is worth noting that this is only a weekly snapshot, so we have seen little reaction to the news.