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Upbeat New Jobs Report in June Leaves Housing in ‘Holding Pattern’

USA Real Estate News-RISMedia - Thu, 2025-07-03 11:32

In a highly anticipated report on job growth from the Bureau of Labor Statistics on July 3, U.S. employers added 147,000 jobs in June, up from 139,000 in May, with the unemployment rate changing little at 4.1%. The unemployment rate has remained in a narrow range of 4% to 4.2% since May 2024. Job gains…

The post Upbeat New Jobs Report in June Leaves Housing in ‘Holding Pattern’ appeared first on RISMedia.

Mortgage rate drop unlikely after steady June jobs report

USA Real Estate News-Inman - Thu, 2025-07-03 10:36
The report beat analyst expectations by 37,000 jobs, curtailing hopes of a short-term rate cut in July. Several economists say mortgage rates will likely stay elevated and keep homebuyers on the sidelines.
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