Skip Navigation

Jobs report is good economic news. Is recession still a possibility?

  • Scott LaMar
In this Sept. 24, 2013 file photo, cut stacks of $100 bills make their way down the line at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas. According to a study released on Tuesday, April 3, 2018, middle-aged Americans who experienced a sudden, large economic blow were more likely to die during the following years than those who didn’t. The heightened danger of death after a devastating loss, which researchers called a “wealth shock,” crossed socio-economic lines, affecting people no matter how much money they had to start.

 (AP Photo/LM Otero)

In this Sept. 24, 2013 file photo, cut stacks of $100 bills make their way down the line at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas. According to a study released on Tuesday, April 3, 2018, middle-aged Americans who experienced a sudden, large economic blow were more likely to die during the following years than those who didn’t. The heightened danger of death after a devastating loss, which researchers called a “wealth shock,” crossed socio-economic lines, affecting people no matter how much money they had to start.

Listen to Smart Talk every weekday at 12 p.m. and 8 p.m. on WITF 89.5 & 93.3. You can also stream WITF raadio live on our website or ask your smart speaker to “Play WITF Radio.”

Airdate: Monday, July 11, 2022

The nation added 372,000 jobs in June. That’s more than expected and continues a trend of robust hiring. The unemployment rate is at 3.5%.

Oil prices are coming down so it would seem so would gas prices.

But inflation at 8% over the past few months is taking its toll on families and wages. Some economists say a recession could be a possibility.

Gus Faucher, the senior vice president and chief economist of The PNC Financial Services Group is on Monday’s Smart Talk with an economic status and outlook.

Support for WITF is provided by:

Become a WITF sponsor today »

Support for WITF is provided by:

Become a WITF sponsor today »

Up Next
Smart Talk

Registered Democrats switching to Republican party in big numbers