Member access

4-Traders Homepage  >  Shares  >  OTC Bulletin Board  >  Federal Home Loan Mortgage Corp    FMCC   US3134003017

SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsRevisions 

Federal Home Loan Mortgage Corp : Freddie Mac : Disappointing Jobs Reading In March Showed 'Noisy' Data

04/25/2012 | 02:30pm US/Eastern
Recommend:
0

A disappointing U.S. employment report for March was likely only a temporary blip in the gradual labor recovery of recent months, according to the latest report from mortgage giant Freddie Mac (FMCC).

Government data earlier this month that showed 120,000 jobs were created in March came in far below market expectations and raised concerns over the strength of the economic recovery.

Yet Freddie Mac economists cautioned Wednesday against reading too much into March's "noisy data" and noted instead some encouraging trends in the labor market.

"What many headlines missed...is that the first quarter of 2012 still registered the best quarterly payrolls performance since the spring of 2006," the firm wrote in its April economic outlook.

It added that March's data also showed improvement in a broad measure of underemployment that includes discouraged workers and those who are working part-time but want full-time jobs. The rate declined 0.4 percentage points during the month, to 14.5%.

Freddie Mac expects the labor market to continue to recover this year and expects a further acceleration in 2013. Currently, the firm is forecasting the U.S. unemployment rate to decrease further from 8.2% in March to 8% by the fourth quarter.

-By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Recommend :
0
React to this article
Latest news on FEDERAL HOME LOAN MORTGAGE
1h ago FEDERAL HOME LOAN MORTGAGE : Freddie Mac Forgoes Issuing a Reference Notes® Secu..
2h ago FEDERAL HOME LOAN MORTGAGE : More Than Half of States Still Show Improving Housi..
2h ago FEDERAL HOME LOAN MORTGAGE : Freddie Mac : Forgoes Issuing a Reference Notes(R) ..
2d ago FEDERAL NATIONAL MORTGAGE ASSCTN FNN : HARP 3.0 Update – Will Legislation ..
4d ago FEDERAL NATIONAL MORTGAGE ASSCTN FNN : Ralph Nader predicts survival of Fannie M..
6d ago FEDERAL HOME LOAN MORTGAGE : Demand Drivers
6d ago FEDERAL HOME LOAN MORTGAGE : Average US 30-year mortgage rate falls to 4.27 pct
6d agoDJFEDERAL HOME LOAN MORTGAGE : U.S. Fixed Mortgage Rates Fall in Latest Week
6d ago FEDERAL HOME LOAN MORTGAGE : Fixed Mortgage Rates at Six Week Low
6d ago FEDERAL NATIONAL MORTGAGE ASSCTN FNN : With Harp Nearing Expiration, Secure One ..
Advertisement
Chart
Duration : Period :
Federal Home Loan Mortgage Technical Analysis Chart | FMCC | US3134003017 | 4-Traders
Income Statement Evolution
Federal Home Loan Mortgage : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF