Mortgage Interest Rates Today, May 4, 2024 | Rates Drop as the Job Market Cools
These are today's mortgage and refinance rates. Mortgage rates have gone down slightly this week in response to softer-than-expected labor market data.
US job market slows in April
Friday’s government report showed that last month’s hiring gain was down sharply from the blockbuster increase of 315,000 in March.
Employers added 175,000 jobs in April, as labor market growth slows slightly
The labor market has been booming so far in 2024, a reversal of last year’s gradual cool-down, even as high interest rates continue to weigh on parts of the economy.
April jobs report expected to show a 'cooling' labor market
The April jobs report, due out Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.
The Fed got the cool job market it was waiting for. Will rates fall?
Wage growth and hiring slowed in April, prodding investors to slightly increase their bets on rate cuts this year.
April Jobs Report: How Markets Are Reacting, in Five Charts
Take a look at how various assets are performing after the release of the April jobs report: U.S. stocks, the 10-year Treasury yield, Brent crude, gold and the U.S. dollar.
Jobs numbers weaker than expected for April
Jack Otter and the ‘Barron’s Roundtable’ panel discuss how there were fewer jobs added than expected in April.
Jobs report: U.S. economy adds 175,000 new jobs in April, below forecast
A big surprise in the April jobs report was a paltry 5,000 increase in leisure and hospitality jobs. With Americans traveling a ton and going out to eat more than ever, hotels and restaurants have been hiring throngs of people.
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