(Never Forget) Jobs Creation Continues in June

"Recession concerns are overblown" said Gus Faucher

chief economist at PNC Bank.

"There is no indication the labor market is in trouble or

the broader U.S. economy."

The economy added

224,000 jobs in June, surging

past expectations and helping

ease fears that economic growth might be losing momentum.

The unemployment rate

remains near a

half-century low.
The rate has

been at or below 4 percent for

more than a year, and many

companies say they are struggling to find enough workers

to fill all their job openings.

The strong numbers exceeded

analysts' expectations of only

162,000 jobs.

Never forget:

The majority is always wrong.

Any dire commentary on the U.S. economy is overblown.

and...

Listen to your Elders