Although job growth among all U.S. industries slowed last month, prior-month data was revised up and unemployment fell to its lowest level in nearly a half-century. Despite a steep decline in mortgage brokers, non-bank mortgage jobs expanded.
The U.S. labor force finished September at a preliminary 149,500,000 nonfarm employees, data released Friday by the Bureau of Labor Statistics indicated.
Last month’s national headcount rose by 134,000 jobs over the preceding month. The September gain plummeted from 270,000 jobs added in August — though the prior month data was revised up by a whopping 69,000 jobs.
Source: Mortgage Daily