Job creation in July saw a slowdown, causing an increase in unemployment rates. Economists view this as positive news for both the Federal Reserve and the housing industry.
Key points:
– Job creation slowed down in July
– Unemployment rates spiked
– Economists see this as good news for the Federal Reserve and the housing industry
– Overall impact on the economy is likely to be positive
– The housing industry may benefit from the increase in unemployment rates as it could lead to lower interest rates and increased demand for housing.
You can read this full article at: https://www.housingwire.com/articles/mortgage-rates-are-falling-as-the-labor-market-falters/(subscription required)
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