Saturday, February 4, 2012
Unemployment Drops, Stock Market Up.....President Obama Can't Do Nothing But Win.
There has been a big improvement in the employment picture. The Labor Department reported Friday that the jobless rate in January fell 2/10 of a point to 8.3 percent, the lowest in three years. The economy created 243,000 jobs, a lot more than economists or Wall Street were expecting.
The news sent stock prices soaring -- the Dow gained 156 points to close at 12,862. That is the highest close for the Dow since May 2008. The financial crisis sent the index as low as 6,500 the following year, so that''s quite a recovery since then. CBS News correspondent Anthony Mason tells us who's posting the "help wanted" signs.
Read More http://www.cbsnews.com/8301-18563_162-57371512/low-jobless-rate-is-an-encouraging-sign?tag=currentVideoInfo;videoMetaInfo