Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

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

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

React to this article
Latest news on FEDERAL HOME LOAN MORTGAGE
07/04 COMMUNITY HEALTH SYSTEMS : Siloam Springs hospital names new CEO
07/04 FEDERAL NATIONAL MORTGAGE ASSCTN FNN : Heads of Fannie Mae and Freddie Mac could..
07/03 RBS could take $13bn hit in US mortgage-backed securities case
07/03 FEDERAL NATIONAL MORTGAGE ASSCTN FNN : Fannie And Freddie's Big Payday
07/03 FEDERAL NATIONAL MORTGAGE ASSCTN FNN : Fannie, Freddie chiefs get big raises, an..
07/03 FEDERAL NATIONAL MORTGAGE ASSCTN FNN : Fannie, Freddie CEOs get big pay rises
07/03 FEDERAL NATIONAL MORTGAGE ASSCTN FNN : Two Suburban Developers and an Attorney A..
07/03 PRESS : RBS Could Face USD13 Billion US Mortgage Penalty - Bloomberg
07/02 FEDERAL HOME LOAN MORTGAGE : 15-Year Appeal Jumps as Mortgage Rates Rise
07/02 FEDERAL NATIONAL MORTGAGE ASSCTN FNN : Fannie Mae, Freddie Mac CEOs’ massi..
Advertisement
Chart
Duration : Period :
Federal Home Loan Mortgage Technical Analysis Chart | FMCC | US3134003017 | 4-Traders
Income Statement Evolution
More Financials