Weekly Unemployment Claims (every Thursday)
Tomorrow has two pieces of moderately important economic data scheduled. First will be last week’s unemployment figures at 8:30 AM ET. An increase in new claims for benefits is considered to be a sign of weakness in the employment sector and favorable news for the bond market. Forecasts show 216,000 new filings, up from the previous week’s 212,000. The larger the number, the better the news for mortgage rates.