Asian Spectator

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June jobs report suggests Fed could avoid a recession – but room for error is minuscule

  • Written by Christopher Decker, Professor of Economics, University of Nebraska Omaha
June jobs report suggests Fed could avoid a recession – but room for error is minusculeFed Chair Jerome Powell is hoping to orchestrate a very delicate dance. AP Photo/Manuel Balce Ceneta

The U.S. economy added more jobs than expected in June, signaling the labor market remains strong even as the Federal Reserve tries to weaken it to tame inflation. The July 8, 2022, jobs report also showed the unemployment rate remained at a 70-year...

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