It’s likely that the Federal Reserve will regard this report as an indication of a slowing domestic economy. The April jobs number along with the weak GDP number reported for the first quarter will give pause to the Fed as it considers raising interest rates.
Decline in construction starts may suggest that the market is responding to well-publicized concerns about supply. Data for the second and third quarter will further illuminate this possibility.
Operators of seniors housing and care properties are increasingly finding it challenging to recruit, hire and retain good employees.
The Labor Department reported that nonfarm employment increased by a healthy 215,000 positions in March.
Based on the jobs data, the U.S. economy is looking strong, despite softness in other parts of the global economy
Based on the jobs data, the U.S. economy is looking strong, despite softness in other parts of the global economy. The U.S. economy now has 5.1 million more jobs than it did at the onset of the recession.