When examining July 2021’s economic reports, enormous job growth rippled across the economy as unemployment benefits abruptly ended.
The monthly employment report brought stronger than anticipated data as the U.S. achieved breakthrough job gains and strong ISM data.
This week, GDP fell short for a roughly neutral takeaway while inflation reached a new milestone. Overall, analysts saw an abundance of news.
The service sector witnesses fantastic expansion while mortgage rates go down. Weekly economic news came out favorable for mortgage markets.
After last year's partial economic shutdown, the outstanding economic rebound slows its growth while inflation explodes, leading to worry.