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MSNBC MSNBC Reports July 7, 2024



we want to get to the september jobs report. the unemployment rate dropped to 3.5%. what does this mean for future interest rate hikes? meanwhile, the markets are reacting, the dow down around 400 points and it comes as americans face a convergence of economic pressures from rising prices at the gas pump, rent and mortgage rates up, and inflation burning a hole in our wallets. we could hear from president biden as he heads to maryland. we ll watch to see if he stops to comment on this report. with me now brian cheung, josh letterman, also joins us, host of public radio s full disclosure and politico chief chief correspondent. the biggest jobs gains were in leisure, hospitality, health care. i think the big takeway is that the labor market still appears to be chugging along. americans have options out there. with the unemployment rate a 3.5%, by the way, multidecade lows on that front, you re not seeing the traditional recessionary dynamics in this labor market whe ....

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