America In Focus: US Hiring Bounces Back in August; Mortgage Rates Climb
Employers added 162,000 jobs in August, while Freddie Mac said the 30-year mortgage rate climbed to 6.71%, adding pressure on homebuyers.
- Employers added 162,000 jobs in August, far exceeding the 65,000 economists expected, signaling a rebound in the U.S. labor market. President Donald Trump welcomed the hiring report Friday, two months before midterm elections.
- Mortgage rates rose this week as the benchmark 30-year fixed rate climbed to 6.71% from 6.66% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.50%.
- Job openings ticked up to 7.27 million in July from a revised 7.18 million in June, the Labor Department reported Tuesday. Average hourly wages rose 3.1% last month, the weakest increase since May 2021.
- U.S. stocks mostly fell Friday as investors weighed the strong jobs report and potential Federal Reserve interest rate hikes. Alphabet, Apple, and Microsoft all pointed lower, struggling to finish the week positive.
- Diesel hit a record $5.85 a gallon Friday amid the six-month war with Iran, intensifying pressure on household budgets. Voters are increasingly frustrated by higher fuel costs that threaten to shape the midterm elections.
13 Articles
13 Articles
Mortgage rates jump to highest level in over a year
Mortgage rates rose to the highest level in more than a year, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.71% from last week’s reading of 6.66%. It was the highest reading since July 31, 2025, when the average rate on the 30-year fixed mortgage was 6.72%. The average rate on a 30-year loan was 6.5% a yea…
America In Focus: US hiring bounces back in August; mortgage rates climb - Regional Media News
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of [...]
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