Carlyle’s proprietary data suggests the jobs market is weaker than most economists expected. The BLS jobs report is on hold due to the shutdown, but that’s not a big loss since their data has been revised so often it caused more confusion than clarity. A softer labor market could push the Fed toward rate cuts, but in the short term the uncertainty adds volatility to 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 #shorts #jobs #employment #carlyle