Athen Apaquette

This week’s news created a see-saw.

On Monday the Institute of Supply Management Manufacturing number was announced at a much stronger than expected 51.5.

On Wednesday, we learned that Institute of Supply Management announced that the Service Sector rose to 57.1, also a much stronger number than expected.

This rocked the mortgage-backed securities market, sending interest rates up .125%.

Then Friday’s September Non Farm payroll number was 156,000 jobs created, and the jobless rate bumped up to 5%.

The average hourly earnings went up .2% (the source for these is usually ADP, and therefore does not of course include newly commissioned or freelance type jobs). This helped ease interest rates back down.