Weekly Unemployment Claims (every Thursday)
This morning’s only relevant economic data was last week’s unemployment update that showed 219,000 new claims for benefits were filed during the week. This was an increase from the previous week’s revised 190,000 initial filings and higher than expected, indicating the employment sector softened slightly last week. As a small sign of economic weakness, we can label the report good news for rates. Unfortunately, this is only a weekly snapshot and does not carry a high level of importance, minimizing its impact on this morning’s pricing.