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Jobs report

MBA “Purchase Index” & “Mortgage Applications” Fall Despite Low Rates

MBA Purchase Index decreased to 271.10 points in the United States on October 29 from 275.60 points the previous week. Purchase Index - MBA Mortgage applications in the United States fell 3.3 percent last week, following a 0.3 percent increase the week before, according to data from the Mortgage Bankers Association. Refinancing
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US Private Sector Job Growth Outperforms Expectations- ADP

Private enterprises in the United States hired 571 thousand employees in October 2021, up from a downwardly revised 523 thousand in September and comfortably exceeding market estimates of a 400 thousand gain. It was the fastest employment growth rate since June, as labor demand continued to recover and the summer surge of COVID-19 infections
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Initial Jobless Claims Drop

Washington, D.C. - Initial jobless claims likely fell to a new pandemic low of 363 thousand last week, the fourth consecutive decline, indicating that the US labor market is continuing to recover even as several US states battle to handle rising coronavirus cases due to the spread of the Delta variety. Nonetheless, weekly new claims are
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