Slowing Job Growth Might Not Be Bad News

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.

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