Biden's top labor official says with a job market this good, we're not in a recession

  • Biden's top labor official says with a job market this good, we're not in a recession

    Posted by on August 6, 2022 at 8:21 AM

    Labor Secretary Marty Walsh

    Recession fears have been clouding the economic atmosphere this summer. But the latest jobs numbers showed higher-than-expected growth, with 528,000 jobs added in July. Labor Secretary Marty Walsh said with a job market this strong, we're not in a recession.

    Even as the possibility of a recession looms large over the country, economic data keeps telling a different story. 

    “We're not in a recession. The economy on the job front is going very, very strong. And I see it continuing for the foreseeable future,” Secretary of Labor Marty Walsh told Insider.

    On Friday, the Bureau of Labor Statistics released its monthly report on how many jobs the

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