Orlando Mortgage Blog

Well it was only an ESTIMATE

June 4th, 2010 9:14 AM by BILL WILBANKS

    

A majority of pundits expected the employment report to see employment numbers for May increase to 513,000. The answer is . . . 431,000 and of that 411,000 were Census jobs that are history in a couple months.

So around 20,000 is the low "Private Sector" jobs added-in (divided by 50 states, divided by the number of counties in those states, minus the number of industries no longer there and carry the 3 for the number of times you've had to re-school up for the available jobs you weren't trained for before) .

The 10 year treasury is now trading off an earlier 3.37% pre-opening to touching 3.26% after the report. May's unemployment level goes to 9.7% from the forecast 9.8% and earlier 9.9% for the month of April. Hungary jitters in Europe as to whether it's ready to default. Let's see what if anything the lender rates do in the next 45 minutes.

 

Posted in:General
Posted by BILL WILBANKS on June 4th, 2010 9:14 AM

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