Puzzling jobs report may be a 'blip': expert

(NewsNation) — Numbers released Friday by the Bureau of Labor Statistics exceeded expectations, reporting 253,000 new jobs in April.

Employment continued to trend up in professional and business services, health care, leisure and hospitality, and social assistance. Meanwhile, unemployment has remained relatively stagnant at 3.4%, according to the report.

The numbers were released just one day after the U.S. Federal Reserve announced it would raise its key rate by a quarter-point – the 10th-consecutive increase this cycle. And while it’s unclear whether interest rates will continue to rise, Americans shouldn't expect significant hits or savings in their wallet any time soon, University of Nebraska Omaha Economics Professor ...