Non-farm payrolls up 196,000 in March, and the jobless rate was unchanged at 3.8%,

while average hourly earnings increased 3.2% from the prior year. Payroll gains were led by education and health services as well as professional and business services. Construction payrolls rebounded with a 16,000 gain while manufacturing continued to weaken with a loss of 6,000 jobs.

Jobless claims fall to the lowest level since 1969, declining by 10,000 to 202,000

for the week ended March 30. Data for the prior week was revised to show 1,000 more applications received than previously reported. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 4,000 to 213,500 last week, the lowest level since early October 2018. Continuing claims decreased 38,000 to 1.72 million for the week ended March 23.

Mortgage Applications Surge Again in MBA Weekly Survey: The Market Composite Index increased by 18.6%, Refinance Index increased by 39%, and Purchase Index increased by 3%.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $484,350) decreased to 4.21% from 4.35%. The average contract interest rate for 30-year fixed-rate mortgages backed by FHA decreased to 4.41% from 4.48%. The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.78% from 3.87%. The average contract interest rate for 5/1 adjustable-rate mortgages remained unchanged at 3.77%. The ARM share of activity increased to 9.5% of total applications.

ADP Employment Change +129K in Mar.

Most of new jobs came from service sector, with 135,000 additions, according to ADP report. The March additions were down from a seasonally adjusted gain of 197,000 jobs in February.

The best way to introduce you to our services and show you how they might work for you is through individual contact. Let us share with you the details of our program. We can show you how Vice Capital Markets can safely bring 25 to 55 basis points of additional profit directly to your bottom line.

Our team is happy to help you and we can answer every your question. If you have some questions or would like to hear more, contact us at:

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(248) 869-8100

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b25seV9udW1iZXIiOiIwIiwidm5fb25seV9sZXR0ZXJzIjoiMCIsInZuX3BhdHRlcm4iOiIwIiwidmFsdWVfcHJlc2V0IjoiIiwiZGVmX2NoZWNrZWQiOiIwIiwibGFiZWxfZGVsaW0iOiIiLCJ2bl9lcXVhbCI6IiIsImljb25fY2xhc3MiOiIiLCJpY29uX3NpemUiOiIiLCJpY29uX2NvbG9yIjoiIiwiaWNvbl9zZWxlY3RlZF9jb2xvciI6IiIsInJhdGVfbnVtIjoiIiwidGltZV9mb3JtYXQiOiJhbV9wbSJ9LHsibGFiZWwiOiJDYXBjaGEiLCJwbGFjZWhvbGRlciI6IiIsImh0bWwiOiJyZWNhcHRjaGEiLCJ2YWx1ZSI6IiIsIm1hbmRhdG9yeSI6IjAiLCJuYW1lIjoiY2FwY2hhIiwiYnNfY2xhc3NfaWQiOiI2IiwiZGlzcGxheSI6InJvdyIsIm1pbl9zaXplIjoiIiwibWF4X3NpemUiOiIiLCJhZGRfY2xhc3NlcyI6IiIsImFkZF9zdHlsZXMiOiIiLCJhZGRfYXR0ciI6IiIsInZuX29ubHlfbnVtYmVyIjoiMCIsInZuX29ubHlfbGV0dGVycyI6IjAiLCJ2bl9wYXR0ZXJuIjoiIiwidmFsdWVfcHJlc2V0IjoiIiwiZGVmX2NoZWNrZWQiOiIwIiwibGFiZWxfZGVsaW0iOiIiLCJ2bl9lcXVhbCI6IiIsImljb25fY2xhc3MiOiIiLCJpY29uX3NpemUiOiIiLCJpY29uX2NvbG9yIjoiIiwiaWNvbl9zZWxlY3RlZF9jb2xvciI6IiIsInJhdGVfbnVtIjoiIiwidGltZV9mb3JtYXQiOiJhbV9wbSIsInJlY2FwLXRoZW1lIjoibGlnaHQiLCJyZWNhcC10eXBlIjoiaW1hZ2UiLCJyZWNhcC1zaXplIjoibm9ybWFsIn0seyJsYWJlbCI6IlNlbmQiLCJwbGFjZWhvbGRlciI6IiIsImh0bWwiOiJzdWJtaXQiLCJ2YWx1ZSI6IiIsIm1hbmRhdG9yeSI6IjAiLCJuYW1lIjoic2VuZCIsImJzX2NsYXNzX2lkIjoiNiIsImRpc3BsYXkiOiJyb3ciLCJtaW5fc2l6ZSI6IiIsIm1heF9zaXplIjoiIiwiYWRkX2NsYXNzZXMiOiIiLCJhZGRfc3R5bGVzIjoiIiwiYWRkX2F0dHIiOiIiLCJ2bl9vbmx5X251bWJlciI6IjAiLCJ2bl9vbmx5X2xldHRlcnMiOiIwIiwidm5fcGF0dGVybiI6IiIsImRlZl9jaGVja2VkIjoiMCJ9XSwib3B0c19hdHRycyI6eyJiZ19udW1iZXIiOiI0In19LCJpbWdfcHJldmlldyI6InRlYS10aW1lLnBuZyIsInZpZXdzIjoiOTQ3IiwidW5pcXVlX3ZpZXdzIjoiNTQ3IiwiYWN0aW9ucyI6IjgiLCJzb3J0X29yZGVyIjoiNSIsImlzX3BybyI6IjAiLCJhYl9pZCI6IjAiLCJkYXRlX2NyZWF0ZWQiOiIyMDE2LTA1LTAzIDE1OjAxOjAzIiwiaW1nX3ByZXZpZXdfdXJsIjoiaHR0cHM6XC9cL3N1cHN5c3RpYy00MmQ3Lmt4Y2RuLmNvbVwvX2Fzc2V0c1wvZm9ybXNcL2ltZ1wvcHJldmlld1wvdGVhLXRpbWUucG5nIiwidmlld19pZCI6IjExXzMwNTQ5NSIsInZpZXdfaHRtbF9pZCI6ImNzcEZvcm1TaGVsbF8xMV8zMDU0OTUiLCJjb25uZWN0X2hhc2giOiI4Yjk2NjZjOWMxOWIyYzkzNjQ2NDk1Mzk2MzBiY2MxZCJ9

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