Nelson BC real estate blog by Robert Goertz of Valhalla Path Realty. Keeping you up to date with the Nelson and West Kootenay real estate markets.
Sunday, April 3, 2016
US Non-farm payrolls increased for a record 73rd consecutive month in March, rising by 215,000 jobs. The US unemployment rate edged slightly higher to 5 per cent. Over the past three months, the US economy added an average of 209,000 jobs per month.
The US economy is steadily growing and producing jobs at a good but not spectacular pace. Wage growth is low but seems to be increasing and inflation remains muted. All in all, there is still not much of a case of more aggressive tightening by the US Federal Reserve which should help keep Canadian bond yields and therefore mortgage rates low.