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What another strong jobs report means for the mortgage industry

Housing Wire

Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. Meanwhile, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, transportation and warehousing, information, and financial activities posted fewer jobs in March. month over month to $34.69

Mortgage 355
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Strong jobs report suggests rate cuts won’t come ‘til summer

Housing Wire

Job gains occurred mainly in health care, government, food services, social assistance, transportation and warehousing. The jobs report contains two conflicting implications for the housing market, according to Sturtevant. Lower rates this spring could give housing market demand a boost.”

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Job gains exceed expectations in December

Housing Wire

Job gains occurred mainly in government, health care, social assistance and construction in December, while transportation and warehousing posted fewer jobs. The labor market has weathered higher rates rather well, giving the Fed more leeway to prioritize inflation fighting.”

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Home prices accelerating in areas without mass transit

Housing Wire

Suburbs, rural areas and small towns have been hot since the beginning of the pandemic, with Redfin searches for rural areas and small towns spiking last spring and housing markets in the suburbs heating up more than other neighborhood types throughout 2020, according to Steven Majourau, a Redfin agent in California’s Central Valley.

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May jobs report complicates things for the Fed

Housing Wire

Even though the pace of layoffs has picked up, many businesses, particularly in transportation, healthcare, and hospitality, continue to have strong demand for workers,” Mike Fratantoni , the Mortgage Bankers Association’s chief economist, said in a statement. in April, with the total number of unemployed persons rising to 6.1

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Mortgage rates fall as labor market normalizes

Housing Wire

Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing. From BLS : Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent, the U.S. Bureau of Labor Statistics reported today.

Marketing 500
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Are we seeing cracks in the labor market?

Housing Wire

Employment continued growing in government, health care, social assistance, and construction, while transportation and warehousing lost jobs. From BLS : Total nonfarm payroll employment increased by 216,000 in December, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today.

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