Weekly Unemployment Claims (every Thursday)
Last week’s unemployment update was also posted early this morning, revealing 210,000 new claims for benefits were made. The previous week’s total was revised from 210,000 to 212,000, indicating a week-over-week decline in initial filings. Because this is just a weekly snapshot of part of the employment sector and the variance from forecasts was minor, we are labeling the report neutral-to-slightly negative for rates.