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Economists Cautiously Applaud Jobs Report

Aug 4, 2012 (Weekend Edition Saturday) — In a much needed sign of hope for the U.S. economy, the Labor Department reported Friday that the country gained 163,000 jobs in July, which was better than expected. Still, unemployment rose a bit to 8.3 percent. NPR's Chris Arnold reports from an annual economics retreat in Maine with reaction from some of the country's top economists and analysts there.

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