Weekly Unemployment Claims (every Thursday)
We will also get last week’s unemployment figures tomorrow morning. They are expected to show 206,000 new claims for unemployment benefits were filed, up from the previous week’s 201,000. Rising claims are a sign of weakness in the employment sector, meaning a larger number would be good news for mortgage rates. However, this is just a weekly snapshot and is being released at the same time a very influential inflation reading will be posted. The PCE index will draw much more attention and have a stronger impact on tomorrow’s rates than this weekly data.