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Expert Greg News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - MSNBC - 20121207:18:47:00

of 2008. numbers can be misleading and bring in our expert greg, u.s. economics editor for the economist. good news, bad news? kind of mixed news. the number was a lot stronger than wall street was expecting because wall street thought that hurricane in the northeast would have taken a big chung out of hiring. the bureau of labor statistics when they released that number they couldn t find much hurricane impact on the number. 146,000 a decent number but in line with what the job growth has been doing. it s very close to its average for the past year. and taking a little bit of the team steam out of the number the government revised down the number of jobs created in the prior two months. the picture a little weaker than we might have expected. troubling news from the participation rate that more people were giving up or not part of the work force? that s right. so the unemployment rate did go down to 7.7%, lowest since the end of 2008, but the unemployment rate can go down

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