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U.S. Job Growth Disappoints Analysts

American employers added only about 32,000 jobs to their payrolls in July, a much weaker result than predicted by most forecasters. Nevertheless, the U.S. unemployment rate fell to 5.5 percent -- the lowest level in nearly three years. NPR's Jim Zarroli reports.

Copyright 2004 NPR

Jim Zarroli
Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.