Weekly Unemployment Claims (every Thursday)
The second release of the day will be last week’s unemployment update, also with an early post time. It is expected to show that 217,000 new claims for unemployment benefits were filed last week, up from 213,000 of the previous week. Rising claims is a sign of a weakening employment sector, so good news will be a sizable jump in new filings. It is worth noting though, this report is only a weekly snapshot. Therefore, it takes a significant surprise for it to directly influence mortgage rates.