Latest Employment Report Reveals Job Gains Went Down
This past week, analysts and investors closely watched the latest employment report. Unfortunately, it revealed that job gains went down, falling short of expectations. For the most part, the other major economic reports coincided with expectations. In other news, investors shifted to riskier assets. While doing so, stocks increased while bonds decreased. As a result, mortgage rates ended the week higher.
Job Gains Fall Short in Latest Employment Report
The latest employment report suggested that COVID-19 hindered job creation. Friday's release showed that the economy added...