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Private sector gains 130,000 jobs in October

According to MarketWatch, private-sector employment growth slowed in October, with employers adding 130,000 jobs.

Analysts polled by MarketWatch had expected an October gain of 150,000, compared with an originally estimated increase of 166,000 in September. On Wednesday ADP revised September's gain to 145,000. Some analysts use ADP's data for guidance on the U.S. Department of Labor's employment report, which will be released next week and covers private and public workers.

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An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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