“Stocks shot out of the gate Friday after the latest employment numbers showed signs of a stablizing job market.”
CNBC.com reported this morning regarding today’s JOBLESS numbers.
The report showed $247,000 jobs were cut from NON FARM payroll for July. Much lower than the projected 320,000 and paired with the prior two months reports being revised to reflect 43,000 fewer jobs were actually than than first reported.
“This is another indication that the economy is on an improving track and a confirmation that we’re going to see a positive GDP number for the third quarter and we’re going to be able to say that this recession ended in the third quarter of 2009,” Robert Dye, senior economist at PNC Financial Services, told Reuters. reported by CNBC.com
“Heading into today’s session, the Dow and S&P 500 are positive for the week by about 1%, while the Nasdaq is a few points lower. If all three can finish higher for the week, they would be up for the fourth consecutive week.” CNBC.com
How does this affect the mortgage market?
How will this affect you?
Let me know if you think this number reflects your local community.
HELP AMERICA HEAR how WALL STREET really TRANSLATES 2 MAIN STREET…
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