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 Mortgage News Daily
How Did The Employment Report Affect Mortgage Rates? - 1 day ago
Posted To: Mortgage Rate WatchIt is the first Friday of the month and that brings us the official government report on the labor market: The Employment Situation Report. This release provides four headline measures on the health of the jobs sector. Nonfarm Payrolls: totals the number of jobs that were added to or cut from employer payrolls in the prior month. Consensus Forecast: -100,000 vs. -131,000 in July (Private payrolls increased 71,000 in July and +41,000 expected today) Unemployment Rate: the percentage of working-age, mentally able-Americans who are jobless. Consensus Forecast: 9.6% of the labor force vs. 9.5% last month Average Hourly Earnings: the average amount of earnings per hour of labor performed. Consensus Forecast: +0.1% vs. +0.2% last month. Average Work Week: average amount of hours worked by an employee...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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Mortgage Links
2043 Richmond Ave
Staten Island, NY 10314
Office Phone: (718) 494-8300 Fax: (718)-494-0900 Infomation: Scott@mtglinks.com
Cell: 718-664-0741
Direct: 718-966-4000
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