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From iowa. stay here for full coverage of the 2012 presidential race. live team coverage coming from iowa. special coverage of the caucuses as well. tuesday, january 3rd, caucus day in iowa. our coverage starts 6:00 p.m. eastern time. arthel: a fox news alert on the jobs front as the number of people seeking unemployment benefits rose last week for the first time in a month jumping 15,000 to 381,000. but there is some good news the four-week average for jobless applications dropped to the lowest level since june 2008. fox business network cheryl casone is live with the story. cheryl, this is g...

>> let's bring in our white house correspondent suzanne malveaux to help break down the new numbers. one thing is clear. the president feels a need to talk about this all the time. >> reporter: absolutely, wolf. one of the points we want to make here is that the president and his team have been trying to get ahead of these numbers by emphasizing the progress of the economy. i was just in chicago yesterday, wolf. he was at a ford assembly plant pumping up the comeback of the auto industry. this is an area he can point to and say look, there are jobs being created hire. not a not all is lost. de...