Weekly Unemployment Claims (every Thursday)
The first of this morning’s two minor economic releases was last week’s unemployment figures that showed 229,000 new claims for unemployment benefits were filed last week. This was an increase from the previous week’s 226,000, hinting at a softening employment sector. Unfortunately, this is only a weekly snapshot that doesn’t carry a high level of importance. In other words, it hasn’t had much of an influence on this morning’s mortgage pricing.