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

AP Photo/Manuel Balce Ceneta Christopher Decker, University of Nebraska Omaha 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?