Lancaster PA Commercial Real Estate

CNNMoney.com reports another sign that the recovery in the U.S. economy is taking hold, employers added significantly more jobs to payrolls in April, according to a government report released Friday.

There was a gain of 290,000 jobs in the month, up from a revised 230,000 jobs added in March. It was the largest number of jobs added to the labor force since March 2006.

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The results were much better than expected. Economists surveyed by Briefing.com had forecast a gain of 187,000 jobs.

Further indication that the job loss curve is approaching a trough.  When the curve goes flat – i.e. net job loss is zero – this will forecast the recovery of commercial lease rates and hence commercial property values.

Nation losing jobs at a slower rate, two reports show – Nov. 4, 2009.