The employment report for last month was a stark improvement from the dismal report for September as unemployment fell to its lowest level since 2000. Mortgage staffing was reduced, though.
U.S. employers added 261,000 nonfarm payroll positions during October, according to Friday’s employment report from the Bureau of Labor Statistics.
Job growth skyrocketed from just 18,000 during the preceding month when hurricanes disrupted the market. September’s figures were revised up from the 33,000 loss originally reported.
Source: Mortgage Daily
