Weekly Unemployment Claims (every Thursday)
We will also get last week’s unemployment figures at the same time as the GDP release. Forecasts have them showing 215,000 new claims for benefits were made, up from the previous week’s 212,000. Rising claims are a sign the employment sector is weakening, so the larger the number, the better the news for bonds and mortgage rates. That said, the GDP will have a much stronger influence on tomorrow’s trading than this weekly update will.