Morning Minute: NAR’s Lawrence Yun weighs in on strong jobs report

The U.S. Bureau of Labor Statistics announced today that the nation’s employers added 211,000 new jobs in April and unemployment fell to 4.4 percent, the lowest levels in nearly a decade, ABC News reports.

In a statement, National Association of REALTORS® Chief Economist Lawrence Yun said the positive jobs report bodes well for the economic outlook.

“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,” Yun said.

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