• Biden's top labor official says with a job market this good, we're not in a recession

    12 days ago - By Business Insider

    Labor Secretary Marty Walsh Chip Somodevilla/Getty Images
    Recession fears have been clouding the economic atmosphere this summer.
    But the latest jobs numbers showed higher-than-expected growth, with 528,000 jobs added in July.
    Labor Secretary Marty Walsh said with a job market this strong, we're not in a recession.
    Even as the possibility of a recession looms large over the country, economic data keeps telling a different story. "We're not in a recession. The economy on the job front is going very, very strong. And I see it continuing for the foreseeable future," Secretary of Labor Marty...
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