A person removes the nozel from a pump at a gas station on July 29, 2022 in Arlington, Virginia.
Olivier Douliery | AFP | Getty Images
You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story.
There is no historical precedent to indicate that an economy in recession can produce 528,000 jobs in a month, as the U.S. did during July. A 3.5% unemployment rate, tied for the lowest since…