New employment data, which has been revised for the past couple years, indicate job growth turned higher last month. Monthly mortgage jobs took a unexpected turn higher.
As of January, U.S. nonfarm payroll employment totaled 147.81 million people. That turned out to be a gain of 200,000 jobs from the upwardly revised level for the end of 2017.
Labor force expansion accelerated from an upwardly revised 160,000 jobs in December. But job gains fell short of the upwardly revised 259,000 jobs added in January 2017.
Source: Mortgage Daily