Weekly Unemployment Claims (every Thursday)
There are two minor pieces of data being released tomorrow morning. The first is last week’s unemployment figures at 8:30 AM ET. They are expected to show that 310,000 new claims for unemployment benefits were filed last week, up from the previous week’s 284,000. The larger the number of claims, the better the news it is for bonds and mortgage rates because rising claims is a sign of a softening employment sector. However, this is only a weekly snapshot of the sector, so its influence on mortgage rates is often weak unless it shows a significant variance from forecasts.