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5-4-16 Wednesday's TMM - Here's why today's ADP jobs report is important.
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Today we have the ADP payroll jobs report being issued and it is an indication of job growth in America. The reason we pay attention to this report is that it measures short-term job growth or job contraction within US labor market. Either way, this report as an influence on whether or not the Federal Reserve will raise interest rates.
NOTE TO LISTENER: Each day, David Lykken produces a one-minute video, called “Today's Mortgage Minute” and it covers what happened with mortgage rates, housing and the economy and, time allowing, he will comment on what is on the economic calendar today that could move mortgage rates either up or down. This short podcast is the audio version of the daily video known as Today’s Mortgage Minute that appears on hundreds of radio, television and newspaper websites across the United States and can be seen by millions of consumers each month. David welcomes your feedback in the comment section below.
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NOTE TO LISTENER: Each day, David Lykken produces a one-minute video, called “Today's Mortgage Minute” and it covers what happened with mortgage rates, housing and the economy and, time allowing, he will comment on what is on the economic calendar today that could move mortgage rates either up or down. This short podcast is the audio version of the daily video known as Today’s Mortgage Minute that appears on hundreds of radio, television and newspaper websites across the United States and can be seen by millions of consumers each month. David welcomes your feedback in the comment section below.
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