Economic Update March 9, 2019

Economic Update March 9, 2019

only 20,000 jobs added in February. Fewest jobs added since September 2017.  180,000 were predicted. 325,000 jobs were added in January,

Unemployment rate to 3.8%, a 50 year low.  Hourly wages grew 3.4% from Last year February.

Stocks closed at 25,450.24 S&P 500 closed at 2743.07. NASDAQ down 2.5% at 7,408.14

Treasury Bonds Yields lower this week. 10 year treasury bond closed at 2.62% down from 2.76% last week. 30 year treasury bond yield 3.00% down from 3.13% treasury bond yields should be watched as mortgage rates follow bond yields.

30 year fixed mortgage rate 4.41% up from 4.35% last week. 15 year year 3.83% up 3.77% 5 year ARM was 3.87%

READ  Economic Update as of February 25, 2019
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