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Job Growth Slows as Unemployment Threatens to Rise

3/9/2025

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Summary

Story summary

U.S. non-farm payrolls rose by 151,000 in February, maintaining an unemployment rate of 4.1%.
Job growth may decelerate, potentially pushing unemployment above 4.3% amid government job cuts and reduced spending.
Mortgage rates decreased to 6.67%, providing buyers with increased options in the housing market.
Rocket Mortgage withdrew from Canada, facing difficulties competing with larger banks for funding.

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Story summary

U.S. non-farm payrolls rose by 151,000 in February, maintaining an unemployment rate of 4.1%.
Job growth may decelerate, potentially pushing unemployment above 4.3% amid government job cuts and reduced spending.
Mortgage rates decreased to 6.67%, providing buyers with increased options in the housing market.
Rocket Mortgage withdrew from Canada, facing difficulties competing with larger banks for funding.