The U.S. economy added 115,000 jobs in April, down from the 185,000 jobs created in March, according to the Department of Labor. The gain surpassed the Dow Jones consensus estimate of 55,000 jobs. The unemployment rate remained unchanged at 4.3%, while average hourly earnings for all employees edged up 0.2% month-over-month and 3.6% year-over-year to $37.41.
In the Twin Cities region, for the week ending May 16:
- New Listings increased 6.4% to 1,880
- Pending Sales increased 15.2% to 1,204
- Inventory increased 7.8% to 10,252
For the month of April:
- Median Sales Price decreased 2.0% to $392,00
- Days on Market increased 14.0% to 57
- Percent of Original List Price Received decreased 0.4% to 99.3%
- Months Supply of Homes For Sale increased 8.3% to 2.6