Weekly Unemployment Claims (every Thursday)
Also at 8:30 AM ET was the weekly unemployment update. It showed that 192,000 new claims for unemployment benefits were filed last week, down from the previous week’s revised 197,000 initial filings. Declining initial claims is a sign of employment sector strength that makes bonds less appealing to investors. However, because this is only a weekly snapshot, it does not carry much significance in the market unless it shows a large variance from forecasts.