September 1, 2022----Upcoming Week’s Data that Could Impact Treasury and Mortgage Rates
• Monthly data updates in blue, see below (9.2.22 new jobs & unemployment released, see below comments)
• 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 up and down as concerns over inflation and recession. (i.e. soft landing vs a crash)
MONTHLY data: New Jobs and Unemployment Rate 9.2.22 Net New Jobs for August came in at a robust 315,000 (vs a ret hot 528,000 in July). Unemployment the rate increased from 3.5% to 3.7%.