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A 'soft landing' is still on the table, economists say

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87% Informative

Jobless rate rose to 4.3% in July , up from 4.1% in June and 3.5% a year earlier .

The increase in the national unemployment rate triggered the "Sahm rule" in July .

Goldman Sachs raised its recession forecast over the weekend to 25% from 15% .

If consumers keep spending, the economy will "be just fine," Zandi says.

Consumer spending accounts for about two-thirds of the U.S. economy.

"Real" consumer spending (i.e., spending after accounting for inflation) remains strong "across the board".