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Mortgage Market Updates: Job Growth, Private Payrolls, & More Record High Home Prices - Market Update 10/10/23
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Hey everyone, it's Larry Bailey from Mortgage Workflow Partners. This is for the Week of October 2, 2023 in Review:
September brought a blowout job creation number from the Bureau of Labor Statistics, but is the labor sector as strong as that data suggests? Meanwhile, appreciation reports show that home prices are reaching new record highs. Here are last week’s headlines:
- Soaring September Job Growth Defies Expectations
- Private Payrolls at Weakest Pace in Almost Three Years
- Job Openings a Surprise “JOLT” Higher
- Tame Unemployment Claims a Contrast to Job Cuts
- More Record Highs for Home Prices
00:00 Introduction
00:27 Importance of Mortgage Workflow Partners
02:35 Job Growth and Unemployment
04:44 Private Payrolls
07:01 Job Openings and Labor Turnover
09:09 Jobless Claims
10:13 Fed's Response to Labor Sector Data
13:24 NFIB's Report on Small Business Confidence
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