Tuesday, October 22, 2013

September BLS Numbers Come in Mixed

The all important September Bureau of Labor Statistics numbers are in. 

  September saw the U.S. economy add just 148,000 jobs, significantly worse than expected, according to a report delayed more than two weeks by the government shutdown.
The unemployment unexpectedly fell to 7.2 percent as the labor-force participation rate held near 35-year lows.

The numbers are quite complicated and plenty of analysts will be around to break them down. The 10 year US Treasury Bond is at 2.588 better slightly by .02.

Check out this article to understand better the relationship between US Treasury bond rates and mortgage rates.

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