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Transcripts For CNNW CNN Newsroom 20120803

finally, a job s report that beats expectations. sure, expectations were low, under 100,000, but look at this official net gain for july. 163,000. that s the most new jobs since february. the unemployment rate, meanwhile, a separate survey ticked up last month to 8.3%. christine romans watching this all-important gauge of economic vitality, shall we say. would you call the july numbers vital? i would say it s vital to the president s re-election prospects and vital to every single family in america who is trying to figure out if they can keep their job or get a job. yes, this is a really a important report. you gave the headline numbers. let me dig in a little bit. i took 40 pages of tables and graphs and put it in one graph to show you how it works. the private sector created 172,000 jobs, kyra. but the government is still a drag on overall job creation. 9,000 more government jobs lost. in the month, you have almost 500,000 government jobs that have been shed since february

Transcripts For CNNW CNN Newsroom 20120803

grounded, some parts of the 2,500 mile lifeline 50 feet below flood levels last year. america s fight over same-sex marriage coming down to a fried chicken sandwich. today, round two, a kiss-in at chick-fil-a s nationwide. we ll talk to the organizer live in 30 minutes. newsroom starts right now. and good morning to you, happy, happy friday, i m carol costello. we begin this friday morning with some better news about the nation s economy. the labor department says 163,000 jobs were created last month beating expectations of around 95,000. in the meantime, the unemployment rate edged higher to 8.3%. that s the headline. but for more on this story behind the numbers, we want to bring in christine romans. she s in new york. tell us what these numbers mean, christine. well, it s a solid report. a solid report for july. but remember june was revised downward. so 64,000 jobs created in june and 163,000 created in july. this is the best month for jobs creation now in five mo

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