After sinking to the lowest level since the turn of the century, unemployment rose as the labor participation improved. Despite a drop in broker count, non-bank mortgage employment grew.
In its jobs report for June, the Bureau of Labor Statistics said there were 148.912 million nonfarm jobs. That was an increase of 213,000 positions from the prior month.
Staffing growth slowed compared to May, when employers added an upwardly revised 244,000 jobs. Employment expansion also lagged June 2017, when an upwardly revised 239,000 jobs were added.
Source: Mortgage Daily