Happy Fourth of July. Between strong jobs growth in June, rising consumer confidence and a record-high stock market, there’s much to celebrate in the economy. So fire up the grill, watch the fireworks and enjoy the long holiday weekend. — Charlotte Cowles
What’s Up? (June 27-July 3)
June Jobs Rally
Hiring surged in June as employers added 850,000 workers, according to the latest jobs report. It was the strongest gain in 10 months and an encouraging sign that the labor market’s recovery is gathering steam after uneven growth earlier this year. Consumer confidence is also at its highest point since the pandemic’s onset, and stocks closed out the first half of the year at record highs. The Congressional Budget Office said that the economy was on track to recover all the jobs lost in the pandemic by the middle of next year.
Turning Up the Heat
The Trump Organization has been charged with running a 15-year scheme to help its…