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Jobs Report Could Be Good News for Consumers

Although wage growth isn't accelerating, lower inflation levels mean there is more room for consumer spending growth, says Morningstar’s Bob Johnson.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. The U.S. economy added 222,000 jobs in June; that was better than expected. I'm here with Bob Johnson, he's our director of economic analysis, to see why, and if it's sustainable. Bob, thanks for joining me.

Bob Johnson: It's great to be here today.