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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