Monday, May 10, 2010

April Jobs Report - impact on our economy

We received some very positive economic news this morning with the April Jobs report. There were approximately 290,000 new jobs created in April. This was the biggest rise in jobs since March, 2006. There were 66,000 census workers included in the 290,000 jobs creation number for April. However, since December there have been 573,000 new non-farm payroll jobs created. The biggest jobs gains have come over the last two months. The unemployment rate is still being reported at approximately 9.9%.

The April jobs report is another sign that our economy is starting to improve. As the economy continues to improve and consumer confidence increases we will see increases in home prices and home buying activity. The Albuquerque real estate market and local economy are starting to improve as well.

The mortgage market, guidelines and regulations are changing everyday. There has never been a more important time than now to work with an experienced, proven mortgage company.

To Your Success,

Scott Cummings, CMPS

President / CEO

Cummings Financial

505.884.8600 office


For more information about home sales, home purchases and FAQ's regarding real estate, contact the eTeam Real Estate Group anytime!
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