Jobs, jobs, jobs! Yes, it’s the first Friday of the month, and so all eyes were on the monthly jobs report. As you probably remember, expectations were that 180,000 jobs were created. The number came in at 255,000, which was higher than expected, indicating a stronger economy, which is not good for interest rates. So after a very flat week, rates jumped up a little today on some programs, but most stayed the same despite the “great news”.
Job News for August
