General World News

Unemployment rates and mortgage rates both under 4%

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Today, the Bureau of Labor Statistics reported that 199,000 jobs were created in December — a miss from estimates. They also reported we had 141,000 in positive revisions to the previous jobs report. The unemployment rate is currently at 3.9% and we had another big print from the household survey which showed 651,000 jobs gained. For men and women age 20 and over, the unemployment rate is currently at 3.6%.

Unlike the previous expansion, where the jobs recovery was slow, we have a much different dynamic this time around. Job openings are still over 10 million and I details ⇒

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