Economy Adds 224,000 Jobs in June
The U.S. job market is on the rise again. According to the U.S. Department of Labor, the economy added 224,000 jobs in June after disappointing job growth rates in May. Unemployment rates also rose to 3.7% last month. Although the unemployment rate is still historically low, it’s the highest number we’ve seen since March of this year.
However, some analysts fear the economy will fall into recession next year due to tariffs from the trade war with China and rising oil prices stemming from tension in the middle east.