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Christopher Decker, Professor of Economics, University of Nebraska Omaha

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

Jobs Report United States Economy Recession Inflation US Federal Reserve Unemployment
Fed 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 low of 3.6%.

Does this mean the U.S. will avoid a Fed-induced recession?

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