Weekly Unemployment Claims (every Thursday)
There were two minor pieces of economic data posted this morning. Last week’s unemployment update was the first, coming at 8:30 AM ET. It revealed that 222,000 new claims for unemployment benefits. This was a decline from the previous week’s revised 244,000 initial filings. Forecasts were calling for 236,000. The decline indicates that the employment sector was a little stronger than expected last week. Fortunately, this is a weekly report that doesn’t draw too much attention.