Weekly Unemployment Claims (every Thursday)
Tomorrow brings us the weekly unemployment update at 8:30 AM ET. This is only a weekly snapshot, but with such a light calendar this week, we may see a bit stronger reaction than usual if the number of new claims for jobless benefits is noticeably higher or lower than expected. Analysts are expecting it to show 235,000 new claims were filed last week, up from the previous week’s 233,000 new filings. Rising claims are a sign of weakness in the employment sector, so the larger the number the better the news for rates.