The U.S. labor market is telling us one thing and doing the opposite.
BLS
Bad jobs mean lower rates. How long will it last for homebuyers and refinancers?
BLS Employment Situation Report (May 2016) – Nonfarm Payrolls month/month seasonally adjusted 38,000. Previous revised from +16,000 to +123,000 – Unemployment Rate 4.7%. Previous was 5.0% – Private Payrolls month/month 25,000. Previous was 130,000 – Participation Rate 62.6%. Previous was 62.8% – Average Hourly Earnings month/month +0.2%. Previous was +0.4% – Average Workweek – All
Was employment report for December inflated by people with 2 jobs?
A deep dive on today's jobs report. We still have serious structural rather than cyclical issues.
Rates likely to continue higher this year with miscellaneous dips along the way.
Markets cheer mediocrity. Here's a deep dive on April's jobs numbers.
Rates are up after a nice dip for the past month. Here's a recap of rates for the week, month and year.
The only good thing about a jobs report this bad: rates are near record lows again. Don't sleep.
Lurking beneath this cold look at the numbers is this fact: the U.S. is no longer producing jobs for folks who do not have a college degree or recognized trade skills.
Rate reaction to jobs report and 2013 mortgage rate recap.
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