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

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

SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/25/2012 | 08:30pm CEST

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on FEDERAL HOME LOAN MORTGAGE
04:00p FEDERAL HOME LOAN MORTGAGE : Baby Boomers Poised to Compete for Affordable Renta..
03:55p MCLEAN, VA--(MARKETWIRED - JUN 28, 2 : FMCC) announced today that it will forgo ..
03:34p FREDDIE MAC : Forgoes Issuing a Reference Notes(R) Security on Its June 28, 2016..
06/27 MORTGAGE INVESTMENT : Shorted Shares Increased 19.85% After Market Selling
06/27 FREDDIE MAC : Extends Disaster Relief to Eligible Borrowers in West Virginia
06/27 FREDDIE MAC : June 2016 Outlook
06/24 FREDDIE MAC : Prices $950 Million Multifamily K-Deal, K-722
06/23 FEDERAL NATIONAL MORTGAGE ASSCTN FNN : Banking groups urge end to risk-based pri..
06/23 FEDERAL HOME LOAN MORTGAGE : Average US 30-year mortgage edges up to 3.56 percen..
06/23 FEDERAL HOME LOAN MORTGAGE : Average US 30-year mortgage edges up to 3.56 per ce..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials