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MBS Day Ahead: Here Comes the Jobs Report

(Mortgage News Daily) - 7 months, 3 weeks ago
 Posted To: MBS CommentaryThis morning brings the often-important jobs report. Traditionally, the key component has been nonfarm payrolls (NFP), which is just a tally of new jobs created during the past month. NFP is especially important in times of transition (i.e. heading into or out of a recession) as well as in times where markets are expecting labor markets to cool a bit after a strong run. In many ways, recent NFP data has filled that role recently. It's offered positive surprises with...
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