Market Update

Employment Gains, Rate Drops and The End of Forbearance

     
Employment Gains, Rate Drops and The End of Forbearance

After three months of slight gains, the U.S. unemployment situation is starting to brighten a bit. According to the U.S. Labor Department, an increase in nonfarm payroll employment rose by over 900,000 jobs by the end of last week and pushed the unemployment rate down to 6%. 

February’s small job gains — a total of just 49,000 for the month — were immediately overshadowed by March, which came in like a lion and pretty much stayed that way, creating nearly 1 million new jobs.

Continue reading Employment Gains, Rate Drops and The End of Forbearance at Movement Mortgage Blog.

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