Weekly Unemployment Claims (every Thursday)
The other piece of economic data will be last week's unemployment figures, also at 8:30 AM ET. They are expected to show that 245,000 new claims for unemployment benefits were filed last week, down from the previous week’s 258,000 initial claims. This report usually doesn't cause much movement in the markets or mortgage rates unless it shows a significant jump or drop in initial claims for benefits. The higher the number of claims, the better the news it is for bonds and mortgage rates since rising claims is a sign of employment sector weakness.