Jobs Report Comes In Weak After Mortgage Rates Surge
Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates
Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates
Payrolls declined in July and previous gains were revised sharply lower, giving the Fed breathing room while raising new concerns about borrower confidence and mortgage-industry employment
Slower hiring strengthens bonds and eases concerns over additional Fed tightening
Friday’s jobs report drives rate dive after downward trend already saw rates easing