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Employment in the U.S. increased by less than expected in the month of July, according to a closely watched report released by the Labor Department on Friday. The report said non-farm payroll employment climbed by 187,000 jobs in July after rising by a downwardly revised by 185,000 jobs in June.
Real GDP increased at an annual rate of 1.1% in the first quarter of 2023, after rising 2.6% in the fourth quarter of 2022, according to the BEA's advance estimate.
“Following an interest rate hike from the Federal Reserve and a surprisingly strong jobs report, mortgage rates increased slightly this week,” said Sam