Weekly Unemployment Claims (every Thursday)
Last week’s unemployment figures were posted at 8:30 AM ET this morning. They revealed 201,000 new claims for benefits were filed last week, down from the revised 213,000 initial filings of the previous week. Analysts were expecting to see an increase in claims, not a lower number. Since declining claims is a sign of strength in the employment sector, we are labeling the report bad news for bonds and mortgage rates.