What strong employment numbers mean for the Fed's agenda

  • Current market data indicate no signs of a recession; expect Fed rate hikes.

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

The April employment report is just fine — better than that. The March job surveys were ambiguous: the “establishment” one of large businesses gets the headlines and was shaky, but the door-knocking “household” survey was strong and confirmed by April’s numbers.