December jobs data continues to support lower mortgage rates
Jobs Friday came and went without much reaction in bond yields because the labor market isn’t breaking, nor is it getting stronger. Mortgage rates dropped into the 5s for a… Read more »
Category: jobs report
Labor market report is good news for mortgage rates
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected. The labor market isn’t tight anymore and that will eventually be good… Read more »
August jobs numbers are bad, but there’s a silver lining
The U.S. economy produced just 235,000 new jobs in August, far below economists’ expectations of 725,000 jobs. It was the slowest month of growth since January 2021. Roughly one million… Read more »
Job growth continues as 943,000 added in July
Even with the delta variant of the coronavirus spreading through the country, July’s job report was surprisingly positive. On Friday, the U.S. Labor Department announced 943,000 new jobs were added… Read more »