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Mortgage Market Update - Job Openings Hit 2-year Low, Private Sector Job Growth, Unemployment, & Rate Cuts - 1/8/2024
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Hey everyone, it's Larry Bailey. This is for the Week of January 1, 2024, in Review:
Job growth beat expectations in December, but is the labor sector as strong as the headlines imply? Plus, the minutes from the Fed’s last meeting suggest rate cuts are ahead, though the timing remains unclear. Here are the highlights:
- Job Growth Less Rosy Than It Appears
- Private Sector Job Growth Beats Expectations
- Job Openings Hit 2-year Low
- Unemployment Filings Likely Impacted by Holidays
- Fed Minutes Suggest Rate Cuts Likely
00:00 Introduction
00:58 Job Growth
03:28 Private Sector Job Growth
06:05 Fed Minutes
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