3 reasons to worry about July’s weak jobs report — and 1 reason not to panic | CNN Business

New York CNN  — 

America’s robust post-pandemic job market is teetering on the brink after a lousy July hiring report in which the unemployment rate shot up to 4.3%, a three-year high.

The Federal Reserve now has egg on its face after it kept interest rates near a quarter-century high earlier this week. And for the everyday US consumer, economic pain could be coming down the pike as hiring slows — but lower interest rates for homes and credit cards could be on their way in just a few months.

The government’s latest jobs report on

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