JUST IN: GOV Releases Report - MORE Economic Problems Ahead

The U.S. economy added 206,000 jobs in June, but the unemployment rate unexpectedly rose to 4.1%. Despite headlines touting a stronger consumer, rising inflation and high interest rates have led to a significant decline in consumer spending, particularly in the services sector. As the government may respond with increased spending, concerns grow over the impact on the U.S. dollar and exacerbated financial pressures placed on American households.

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