The highly anticipated monthly jobs report was released today. January saw job losses of 20,000 and did not turn positive as expected.
The prior period was revised downward to -150,000. The unemployment rate fell to 9.7% from 10.0%. manufacturing payrolls increased 11,000.
U.S. Treasury and mortgage bond prices are off of yesterday’s highs, but are still trading slightly higher than they were yesterday morning.
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Tags: Employment Rate, Mortgage Bonds, Payrolls, U.S. Treasury Bonds
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