This week saw the release of the highly anticipated August 2022 Employment data. Overall, the report displayed mixed results for the labor market.
Taking a look back at the May 2022 mortgage market, investor expectations surrounding inflation stabilized to some degree.
In a relatively quiet week for mortgage markets, investors saw steady job gains in the leisure and hospitality sectors.
Rising inflation levels continued to induce massive daily market volatility for February 2022 mortgage rates.
This week, the key Employment report revealed enormous job gains for the United States labor market, leading to higher mortgage rates.
The monthly employment report brought stronger than anticipated data as the U.S. achieved breakthrough job gains and strong ISM data.
Friday’s labor report illustrated good hospitality job gains after a rough 2020. Overall, this continues to fuel hope in what’s quickly becoming a promising mortgage market.
Following Friday’s strong labor report, the United States realized unbelievably stunning job gains after weeks of declines.