Mutual of Omaha Mortgage’s Post

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June’s job growth was just above estimates, as the BLS reported that 206K new jobs were created. However, there were big revisions to previous months, as the data for April and May shaved 111K jobs from those months combined. The unemployment rate rose to 4.1%, the highest since November 2021, triggering the reliable Sahm Rule and suggesting we’re already in a recession. #bls #jobs #unemploymentrate #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow

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