• News Desk

2016’S SLOWING JOB GROWTH MIGHT BE GOOD


In the days prior to the release of June’s fantastic jobs report, there were a lot of worries, from economists and analysts and even the Federal Reserve, about whether the U.S. economy was in fact stalling. But the number of jobs added in June—287,000—turned out to be a huge rebound from May’s miserly 11,000. Tom Perez, the U.S. Labor Secretary, says he believes that the economy continues to move in the right direction.“The June report again shows what the broader trend data has shown over the last five, six years—which is that the economy is resilient,” said Perez in a phone interview Friday. “There may be aberrational months, like last month, but when you look at broader trend data, which is what we need to do to make judgments about the state of the economy, we continue to move in the right direction.”

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