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Jobs Report Slows Job Market | Real Estate News
The latest jobs report shocked everyone—instead of adding 83K jobs, the U.S. lost 23K, signaling a cooling labor market. While unemployment dipped to 4.1%, that’s partly due to people exiting the workforce post-school year. Wage growth also slowed to 3.2%. This data has shifted Fed rate-hike expectations, dropping from 55% to 44% chance for September. For housing, it’s a mixed bag: weaker jobs could hurt buyers amid high inflation, but might ease mortgage rates—potentially helping homebuyers avoid even steeper borrowing costs. Listen in comfort:Get a discount on a Soli Pillow…
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