Happy Market Mondays! Let’s talk about how misleading the jobs report last week was. Dad Joke: If math is Mathematical and quizzes are quizzical what are tests? BLS jobs report came out last week and it showed some misleading numbers and presented that we had a lot of job gains. The true net job loss was a loss of a little over 2.6 million jobs. Also, the amount of hours worked dropped as well. People are having a hard time finding jobs again and the amount of work to be done is also less. However, the misleading headline of almost “360k” jobs gained caused the mortgage rates to jump up a bit. That’s all I got. Nuke out!
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