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The Bureau of Labor Statistics reports that the economy added 236,000 jobs last month, beating analyst expectations. The unemployment rate fell to 7.7 percent, its lowest point in four years.

Chris Low, chief economist at FTN Financial, joins Marketplace Morning Report host Jeremy Hobson to discuss the details behind the data and whether the new report will affect U.S. monetary policy.

Follow Jeremy Hobson at @jeremyhobson