Many in the mortgage industry were anxiously waiting to view the results of the final jobs report of 2015 to see if the Federal Reserve was on track with its rate hike in December or did they act too fast?
Read More »Is Solid Jobs Report Enough for a Rate Hike?
"This should put to bed any doubts about whether the Fed will announce a rate increase later this month. Barring something completely out of left field between now and then, liftoff will commence with a quarter-point rate increase to the target federal funds rate." - Curt Long, Chief Economist for the National Association of Federal Credit Unions
Read More »Job Gains Reach 223,000 in June, While Wage Growth Slows
Job gains totaled 223,000 in June as the unemployment rate dipped to 5.3 percent, according to the June 2015 Employment Situation released by the Bureau of Labor Statistics (BLS) on Thursday. With June's payroll increase, the average monthly job gain for the last 12 months in the United States is 250,000. Job gains in April and May were revised downward to 187,000 and 254,000, respectively, which was a combined 60,000 lower than previously reported.
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