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but -- there's a real big but -- does he need bill clinton to win? let's go "outfront" i'm erin burnett. unemployment jumps 8% chblt that's the lowest level for unemployment in about three years. it's a big headline, but a closer look, 120,000 jobs added last month isn't great. that's barely enough to keep up with population growth, let alone put a dent in the 9 million jobs lost in the great recession. still, the president hopes americans will focus on the unemployment rate. and he's also hoping he can get some of what this guy has. oh, that bill. he has the love. he has the love of...

a huge jump in the polls where he led at times. boy, it rained down on him. not just allegations about sexual harassment or long-term affairs but about his knowledge of the issues. so ron bonjean, let me bring you in in these final moments. now he's going to set up this website. we can read nothing into this, can we, other than it's over. >> that's exactly right. it was a very good speech. a perfect exit speech. he had us all hinging on what he was going to do. i thought the segue to the website was smart. it gave him a place to go. the fact he has an endorsement he can give to other...

tear apart the euro currency. in washington, where the super committee was a super failure. and in our own bank accounts, where incomes are falling, and americans are dipping into their savings to pay the bills. yet everywhere, you're being cheerleaded to spend money, lots of money for the holidays. $704. the national retail federation projects that's how much you'll spend over the holidays, and consumers are more than halfway there. where is all of that money coming from, and have we learned nothing? rick newman is the chief business correspondent for u.s. news. rick, they're trying...

rate has fallen to 8.6%. that's the lowest rate in nearly three years. christine romans back with us in new york now. so, christine, what a marked improvement. 120,000 jobs added in november, where are we seeing the most growth here? >> we had the last two months here res have hire, as well. many more jobs created in september and october than we thought. the growth we're seeing is in the retail industry, no surprise there. 50,000 jobs created in the retail industry and half of those were in clothing stores and also in apparel, you know, accessory stores. you also saw leisure and hos...

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 sti...