Live updates: U.S. unemployment rate holds at 3.6 percent in June

Talk of recession is everywhere. Inflation is at 40-year highs, the stock market is spiraling, and consumer sentiment has tanked to an all-time low.

But the job market remains exceptionally strong.

This morning, the Labor Department reported that 372,000 jobs were created in June, a healthy showing that beat forecasts, which generally expected between 200,000 and 300,000 new jobs. For economists and policymakers, the hope is that jobs growth — which has been hovering around 400,000 new positions per month — will slow to a sustainable pace that could help moderate inflation, without a significant rise in unemployment.