Mortgage Market News

The Bureau of Labor Statistics (BLS) reported on Tuesday that job openings rose in November, which led to more Americans to leave their current jobs and search for better positions. The BLS reported that this was the most people that left their jobs in more than seven years. In November, the number of job openings waiting to be filled climbed by 82,000 to 5.43 million. The numbers came from the release of the JOLTS (Job Openings and Labor Turnover Survey) report.
The National Federation of Independent Business (NFIB) reported on Tuesday that its Small Business Optimism Index rose slightly in December. Business owners were split as some felt more confident about sales, but at the same time, more pessimistic surrounding general business conditions. The NFIB Small Business Optimism Index gained a modest 0.4% in December to 95.2, which is still below the 42-year average of 98.0.
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