Strong July Jobs Report Points to Mild Recession

The economy added almost 600,000 jobs per month in the first quarter, yet GDP declined. It looks like the current recession will be mild, though.

The Bureau of Labor Statistics just reported a whopping 528,000 new jobs were added in July. That brings the unemployment rate down to 3.5%. It also means that the total number of employed Americans is finally as high as before the…

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Dr. Busler is an economist and a public policy analyst. He is a Professor of Finance at Stockton University. His op-ed columns appear in Townhall, Newsmax.

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Michael Busler

Dr. Busler is an economist and a public policy analyst. He is a Professor of Finance at Stockton University. His op-ed columns appear in Townhall, Newsmax.