U.S. Jobless Rate Falls to 7.4%, Payrolls Rise 162K

U.S. Jobless Rate Falls to 7.4%, Payrolls Rise 162K Play

Aug. 2 (Bloomberg) -- Bloomberg chief Washington correspondent Peter Cook breaks down the July jobs report as a lower than expected 162,000 jobs were added and the unemployment rate fell to 7.4 percent, the lowest level since December 2008. He speaks on Bloomberg Television's "In The Loop."

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