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sounds complicated but its not that bad so today the job opportunity and labor turnover survey was released the jolts report thats right its released by the Bureau of Labor Statistics what does it measure measures all the job openings uh available in the United States so last month the jolts report had 11.7 million new jobs available they were expecting that number to come in at 11.1 the number actually came in at 10 million that was a Miss of 1.1 million but really when you think about it its a million six or one million six hundred thousand less than the prior month that is a docHub decrease in the number of open-end jobs so whats this tell you it tells you that employers are slowing down that they see a recession as weve predicted around the corner so what does that mean for your mortgage rate well if employers are slowing down that means the economy is slowing down and when the economy slows down inflation starts to moderate and as we know inflation is the main driver o
