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After ADP had traders questioning the 120,000 non-farm payrolls estimate yesterday, the Bureau of Labor and Statistics reported this morning that 132,000 jobs were created in June.
Like in every month, though, the bigger NFP story is what revisions were made to months prior.
Through six months this year, new jobs are being created at the clip of 145,000 new jobs monthly.
Mortgage rates are higher this morning on the in-line data coupled with upward revisions. With the holiday week contributing to low volume, pricing is slightly volatile, too.
Dan Green (NMLS #227607) is an active loan officer with Waterstone Mortgage. Email Dan ator call 513-443-2020.
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