
June 2, 2023
Mortgage Rates Today, June 2, 2023: Rates Ease Amid Strong Jobs Report
Job growth accelerated in May, adding an impressive 339,000 jobs, despite the challenges posed by high interest rates and persistent inflation. The labor market, meanwhile, remained resilient, as reflected in the unemployment rate, which increased from its five-decade low of 3.4% to 3.7%, the U.S. Bureau of Labor Statistics reported Friday. Moreover, the Senate’s approval … Continued