MarketMinute | Jobs Stay Strong & Housing Slows
The Commerce Department reported a stall in retail sales growth for December, after a 0.6% increase in November. The BLS January jobs report showed a resilient labor market, with stronger-than-expected job creation and an unemployment rate of 4.3%. However, revisions to past data showed 1.5 million jobs created in 2024, rather than the 2 million reported, and only 181,000 added in 2025. Purchase mortgage applications were 4% higher year over year, though down 2% for the week....
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