Employment Gains, Rate Drops and The End of Forbearance
Movement Mortgage - April 9th 2021. After three months of slight gains, the U.S. unemployment situation is starting to brighten a bit. According to the U.S. Labor Department, an increase in nonfarm payroll employment rose by over 900,000 jobs by the end of last week and pushed the unemployment rate down to 6%. February’s small job gains — a total of just 49,000 for the month — were immediately overshadowed by March, which came in like a lion and pretty much stayed that way, c