- FIRST FALL OF 2023: Mortgage applications decreased 9.0% from one week earlier thanks to a 10% drop in purchases and a 7% drop in refis. Refinance activity is now 80% lower than one year ago and purchases are off 41%…(CNBC)
- COOLING LABOR MARKET: The ADP Employment report for January found that companies added just 106,000 new workers for the month, down from an upwardly revised 253,000 the month before. Economists surveyed by Dow Jones had been looking for a gain of 190,000…(CNBC)
- HOT LABOR MARKET: Job openings in the U.S. rose to a five-month high of 11 million in December, a sign the labor market was still extremely tight despite a slowing economy and more layoffs in some sectors such as high tech…(MarketWatch)