A drastic decline in job growth was reported by the government. But the news was good for the mortgage industry — with employment expanding and rates tumbling.
U.S. nonfarm payroll employment was up a meager 38,000 jobs during May, according to data that was reported Friday by the Bureau of Labor Statistics.
Job growth plunged compared to a month earlier, when employment was up a weak 123,000 — and that number was revised down from 160,000 originally reported.
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From:: Financing