Key Econ Releases This Coming Week of: 11.3.22—11.10.22
November 3 thru Nov 10, 2022----Upcoming Week’s Data that Could Impact Treasury and Mortgage Rates
• Monthly data updates in blue
• Weekly data on Unemployment Claims--Wednesday and Mortgage rates---Thursday
WEEKLY: Unemployment claims are available each WEDNESDAY. They have been increasing since the Fed announced its intention to increase interest rates to address inflation concerns. As the weekly claim filings increase, it will eventually slow the growth of the MONTHLY Net New Jobs total.
WEEKLY: Mortgage rates are available each THURSDAY. Rates have been increasing as the Fed ramps up its efforts to address inflation concerns.
Upcoming Week Due Out Friday 11.4.22
Net new jobs are slowing. Last month was 263k. If it comes under 200k that will help take pressure off the Fed from increasing interest rates further. Unemployment is 3.5% if that inches up that too will help the Fed.