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Market Finds Nirvana in Jobs Report

The rebound in jobs in June is a sign that the U.S. economy is still chugging along but not at a pace that will force the Fed’s hand in raising rates soon, says Morningstar’s Bob Johnson.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. An unexpectedly large number of jobs were added in June and I'm here with Bob Johnson, our director of economic analysis, to see if this is a fluke or a sign that the jobs market is really getting much better. Bob, thanks for joining me.

Bob Johnson: Great to be here today.