These figures follow an increase of 230,000 jobs in March, based on upwardly revised calculations. In February, 39,000 jobs were created, a number that was revised upward from a loss of 14,000. In January the economy posted a gain of 14,000 jobs.

In April, the private sector led the charge by adding 231,000 jobs. That number, in particular, was very much a surprise on the upside, Kevin Thorpe, vice president and research director with Cassidy Turley tells GlobeSt.com. "It is a signal that firms are adding jobs to meet growing demand. Typically those jobs sit in office space."

The real estate industry can expect to see these job numbers translate into net absorption relatively soon, he predicts. "In typical business cycles job growth leads net absorption by two quarters. We've now had job growth that started in Q4 2009. That puts the national office market on track to see position demand in Q2 or Q3 of this year."

One caveat, Thorpe adds: "This is only stage one of the recovery, which is positive demand. The second stage, for the real estate industry, will be to see vacancies stabilize. That won't happen,though, until at least the end of 2010." Unfortunately, he says, the markets will continue to absorb the new supply in the market until at least that point.