Weekly Unemployment Claims (every Thursday)
Tomorrow’s only release is last week’s unemployment update. This report is expected to show that 238,000 new claims for unemployment benefits were filed last week, up from the previous week’s 232,000. Rising initial claims are a sign of employment sector weakness, so the larger the number of claims, the better the news it is for mortgage rates. Although, because this is only a weekly reading we usually need to see a significant variance from forecasts for it to impact mortgage rates.