The government reported 165,000 new jobs in October, but the broader U-6 unemployment rate actually ROSE to 7.9% while official unemployment fell to 4.1%! ADP and Revelio also reported much weaker hiring estimates. Here's what the headlines aren't explaining and why it matters for mortgage rates.
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Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate