While the jobs gains mark a slowdown from the pattern of the last few years, they also demonstrate a still-healthy economy, according to NRF Chief Economist Jack Kleinhenz.
“While today’s jobs release may appear disappointing after a string of monthly gains, the economy remains fundamentally strong,” he said in a statement. “In the past, summer months tend to show large employment fluctuations due to the timing of seasonal hiring. However, consumer and business optimism remain elevated and paints a positive picture as we head into the third quarter.”
