3 reasons to worry about July's weak jobs report — and 1 reason not to panic

America’s job market is showing signs of weakness as the unemployment rate rose to a three-year high of 4.3% in July. The Federal Reserve’s decision to keep interest rates steady earlier this week now seems questionable. However, there may be a silver lining for consumers as lower interest rates for homes and credit cards could be on the horizon. The latest jobs report fell short of expectations, with only 114,000 jobs added in July. Wage growth also slowed down. Despite these concerns, economists believe the US economy is still resilient and could avoid a recession.