🚨 The job market is sending mixed signals!
Only 197,000 Americans filed new unemployment claims last week. That's four consecutive weeks below 200,000!
Sounds fantastic, right?
But September produced just 29,000 net new jobs, and unemployment climbed to 4.2%.
Companies aren't laying off many workers, but hiring remains weak.
And with the Fed considering another rate hike before year-end, this matters for the economy AND mortgage rates.
Low layoffs are good news. But they don't tell the whole story.
Have questions about buying, refinancing, or tracking your mortgage rate in California?
Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.
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 #JobsReport #Unemployment #FederalReserve #Economy #MortgageRates