The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics jobs report for April:
“This good jobs report for April should dispel any notion of a potential economic recession. Moreover, the continuing low levels of people filing for unemployment checks, as well as the high numbers of job openings, do point towards further job additions in upcoming months. The Federal Reserve will surely raise interest rates two more times before the year ends. The rate hikes are due to continuous improvement in economic conditions.”
Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.