Excerpt
JEFFREY BROWN (Newshour): At a construction site in Washington this morning, the president was eager to plug the news from the Labor Department.
The economy scored a net gain of 120,000 jobs, combining the 140,000 created in the private sector with the loss of 20,000 government jobs. The increased hiring came mostly in retail and hospitality industries, helped by businesses adding staff for the holidays. That helped push the unemployment rate down to 8.6 percent, the lowest in nearly two-and-a-half years.
Moreover, the number of jobs added in previous months was revised upward for the fourth month in a row. But improvements to the jobless rate were not all due to good news. Today's data also showed that 300,000 Americans left the work force altogether, and so were no longer counted as unemployed.
Officially, 13.3 million people remained unemployed. And for the thousands lining up at job fairs around the country, the struggle continues.
"Creating Jobs in the Volunteer State: Why Are Employers Reluctant to Hire?" PBS Newshour 12/2/2011
Excerpt
JIM LEHRER (Editor, Newshour): Today's jobs report underscored again that hiring remains far short of what's needed.
The NewsHour's economics correspondent, Paul Solman, has been asking employers why they are reluctant to bring on more employees.
And here is his report from Tennessee, part of his reporting on Making Sense of financial news.
PAUL SOLMAN (Newshour): Nashville, Tenn., a red state's blue city, with a better-than-average economy, a good spot, we thought, to ask employers, how come you're not hiring more people?
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