Profile image
By The Basis Point
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Job Openings down,

Wednesday, October 12, 2016 7:27
% of readers think this story is Fact. Add your two cents.

MBA Mortgage Applications (week ended 10/7/2016)

– Purchase Index Week/Week -3.0%. Previous weeks were -0.1%, +1.0%, -7.0%, +9.0%, +1.0%, +1.0%, -0.3%, -4.0%, +3.0%, -2.0%, -3.0%, -2.0%, and +0.0%.
– Refinance Index Week/Week -8.0%. Previous weeks were +5.0%, -2.0%, -8.0%, +2.0%, +1.0%, +4.0%, -3.0%, +10.0%, -3.0%, -15.0%, -1.0%, +11.0%, and +21.0%.
– Composite Index Week/Week -6.0%. Previous weeks were +2.9%, -0.7%. -7.3%, +4.2%, +0.9%, +2.8%, -2.1%, +7.1%, -3.5%, -11.2%, -1.3%, and +7.2%.

Higher rates are affecting refi applications.

JOLTS (August 2016)

– Job Openings 5,443,000. Previous was 5,831,000

This is the Labor Department’s Job Openings and Labor Turnover Survey. This is a broad measurement of movement into, out of, and within the labor market. While media concentrates on
weekly unemployment claims and net jobs, JOLTS is important because it includes people who quit to get a better job. This job mobility is as valid an indicator of the health of the jobs
market as any other.

Job openings decreased in a number of industries, with the largest changes occurring in professional and business services (-223,000), durable goods manufacturing (-29,000), and arts,
entertainment, and recreation (-28,000).

The weak Job Openings data follows a weak Labor Market Conditions Index yesterday and a very week BLS Jobs Report last Friday.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.