Wow i'm really sorry to hear that!! That is my worst fear!! omg... but i want to practice... If you don't want to practice and have already found a job that you like, then don't take it. But since you only failed by two points, maybe you can figure out what you did wrong and rectify it easily. I still recommend that you retake it, just incase you don't like what you are doing and can fall back on practicing, or if you change your mind later on and decide to practice. I would assume that the exam is easier to pass if you come right out of law school and the information is fresher in your mind. Good luck what ever you do!!!
PS: What state exam did you take?? If you don't mind me asking.