This is a soft number, the expectation was about 130,000.

But, grow is stable and the overall unemployment number is still relatively stable at 4.6%.
Based on this the Fed is not likely to change the overnight rate.

Many are still calling this a Goldilocks situation. To a large degree they are right.

The jobs numbers continue to be good news for long term investors because it will increase demand in rents and lease options.

However, the prospect of a recession still looms on the horizon and the signs are still pointing that way. We at REITactics think either the fourth quarter of this year or the first of next. The strong jobs numbers are still stalling the onset of a recession but energy prices are beginning to have a broader impact on the economy. As that continues consumers will continue to pull back.

Combine that with the sub-prime and alt-A credit crunch and it is only a matter of time until the economy starts to shrink.