Labor market saw 217,000 new unemployment claims last week
There were 217,000 initial unemployment claims last week, slightly below the expected 218,000 claims. The four-week moving average rose to 212,250, a sign the labor market may be cooling.
State of the market
This morning, Treasury yields were mixed and the Dow traded up slightly.
Thursday, Nov. 9
Federal Reserve Chair Jerome Powell participates in a panel on “Monetary Policy Challenges in a Global Economy” at the International Monetary Fund’s Jacques Polak Annual Research Conference in Washington, D.C.
Friday, Nov. 10
University of Michigan Consumer Sentiment
Thursday, Nov. 9
$24 billion auction of 30-year Treasury bonds
By Mike Kraft, Executive Director and Commercial Real Estate Treasurer for Commercial Banking
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