Last week’s robust June jobs report has clouded the outlook for the U.S. economy. While the strong hiring report for June has assuaged fears that the economy might be on the cusp of a recession, the figures also spotlighted the sharp divide between the healthy labor market and the rest of the economy. Retired Ripon College economist Paul Schoofs says the contrasting picture suggests an economy at a crossroads. Schoofs says eventually hiring will begin to slow and inflation will begin to ease.
