Weekly Unemployment Claims (every Thursday)
Last week’s unemployment figures gave us favorable results, showing that 230,000 new claims for benefits were filed last week. That was up from the previous week’s revised 193,000 initial filings and higher than the 215,000 that was expected. However, this being only a weekly snapshot makes it less influential than most of the other reports we get. Accordingly, we are seeing little reaction to it in this morning’s rates.