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(The Center Square) – A strong jobs report caused yields and mortgage rates to rebound sharply last week. Nonfarm payrolls increased by 254,000, marking the strongest gain since March. The unemployment rate also fell again, dropping to 4.1% from 4.2% in August and 4.3% in July. Wage growth remains robust. Average hourly earnings rose by 0.4% in September, only slightly below the 0.5% increase from the previous month. Year-over-year, wages are up nearly 4%, ticking up from 3.9% in August. This strong wage growth is a positive for households. As wages outpace prices, consumers’ purchasing power …

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