January jobs data beats estimates, but mortgage rates barely budge

From BLS: Total nonfarm payroll employment rose by 130,000 in January, and the unemployment rate changed little at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, social assistance, and construction, while federal government and financial activities lost jobs.

Simply put, normal job creation levels of the past are now looked at as big…