Initial jobless claims jumped to 213,000 this week — up 12,000 from last week's print and the highest weekly read since early February. Meanwhile, the 10-year Treasury sits at 4.12% and the 2-year at 3.56%, keeping the curve inverted by 56 basis points. Mortgage rates hold steady at 6.11%, which means housing affordability isn't getting easier even as the labor market shows its first cracks in months.