US Labor Department Reports an Increase in Hiring in April

In my prior post, I referenced a WSJ news article that stated that unemployment claims were up significantly during the first week of May compared to statistics from the prior year. The US Labor Department reports today that hiring is significantly up and that the job market is in a healthy recovery cycle. So claims and hiring both up at the same time – conflicting data. To read the full news article click on the following link: 

http://money.cnn.com/2011/05/06/news/economy/april_jobs_report_unemployment/index.htm

The thing to remember is that short term changes in the job market will effect real estate related products for the short term regardless of the overall data the the job market is in a state of recovery