Friday morning’s employment report beat expectations, showing that the U.S. economy added 372,000 jobs in June. That runs counter to other economic indicators at a time when high inflation is hurting consumers’ wallets and some see a recession on the horizon. “This doesn’t necessarily look like a dire situation, despite the fact that we’re struggling with inflation and economic declines in some other dimensions,” said Director of Research Christian Lundblad in this morning’s Kenan Institute economic briefing, as reported in the Times. 

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