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Transcripts For CNNW CNN Newsroom 20111202



the new york stock exchange. the unemployment dropping below the 9% to 8.6 mark. how is the stock market taking it? it s taking a breather at this point. the rally has fizzled out because investors had a look at the report. they got a look at what is just behind the headlines. what it showed is that 120,000 jobs were added in november with september and october numbers revised higher by a total of 72,000. sure, the pickup in hiring. it s a good sign. but it s still not great. the country is barely creating enough jobs to keep up with population growth and 13 million people are still out of work. the reality reason is why it s fizzled out. they have done enough buying for the week. the dow is up almost 800 points just for the week, brooke. wow. that s tremendous. but also some people are saying that the numbers aren t as tremendous and i want to ask you a question. i want to pose this to one of the presidents of the south economic advisor. is it a bit of an beabborat ....

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