Job report shows a mixed bag

Job growth was slightly above estimates in November, as the jobs report showed that 227K new jobs were created. Revisions to previous data for September and October added 56K jobs to those months combined. However, the unemployment rate rose to 4.2% while the average duration of unemployment climbed to the highest since April 2022. Despite […]

Post election recap

With a contentious election behind us I think both sides can agree that at least we don’t have to get 20 text messages a day from political parties. Seriously I was contemplating getting a burner phone it was ridiculous! Not only was there an election this week the Fed also cut rates by .25%. This […]

October Job report underwhelms

The US economy added just 12,000 jobs in October, which was well below expectations. Plus, revisions to previous data for August and September cut 112K jobs from those months combined while the unemployment rate held steady at 4.1%. This report was the worst report we’ve seen since December of 2020. Any way you slice it […]

Mortgage rates hate October

Well spooky season is here and I think for Halloween this year I’m going to go as a chart of mortgage rates over the last month. I can’t think of anything scarier than that! I’ll do my best to break down what my best guess as to why the sudden increase in rates. It was […]

BLS Jobs Report

You didn’t think it was always going to be that easy right? After months of rates declining in a pretty orderly fashion rates have hit a bit of a wall. Rates jumped up today as the job report for September was well above estimates, as the September jobs report saw 254K new jobs were created versus […]