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A job seeker waits to have her resume reviewed during a HIREvent job fair at the Hotel Whitcomb on July 10, 2012 in San Francisco, California. - 

The Bureau of Labor Statistics reports that the economy added 236,000 jobs last month, beating analyst expectations. The unemployment rate fell from 7.9 percent to 7.7 percent, its lowest point in four years. While construction, healthcare, tourism and retail were all pockets of strength, government hiring lagged behind.

Alan Krueger, chairman of  the White House Council of Economic Advisers, joined Marketplace Morning Report host Jeremy Hobson to break down the report and discuss the sequestration.

And, while more consumers want to buy food from small, local farms, those types of growers are having a hard time getting start-up money.

Follow Jeremy Hobson at @jeremyhobson