Cruising Along

The Trump economy is cruising along. According to an article posted at Just the News on Thursday,  the unemployment rate for June was 4.2%, and the economy added 57K jobs. The workforce participation rate dropped slightly from 6.18 to 6.15 percent.

The article reports:

Economists predicted the June unemployment rate would be 4.3% and that the economy would add 115K jobs, according to CNBC.

So we are slightly better on unemployment, but we need to add more jobs. I suspect that if crude oil prices remain at $70 per barrel or lower and inflation decreases (which it will as oil prices fall), we will see more jobs created and less unemployment. Right now the situation is very fluid, and I think a lot of employers are simply waiting for things to settle out.