Weekly Unemployment Claims (every Thursday)
Last week’s unemployment numbers were today’s only relevant economic news, showing that 268,000 new claims for unemployment benefits were filed. This was an increase from the previous week’s revised 258,000 initial claims and was a bit higher than the 265,000 that was expected. The numbers hint that the employment sector softened last week, making the data favorable for bonds and mortgage rates. Unfortunately, this is a pretty minor piece of data because it’s a weekly report, so its impact on today’s mortgage pricing has been minimal.