cautioned that this is possible and which tends to happen in the labor market anyway especially after all those temporary holiday jobs are cleared off the payrolls. but here s the reason we re worried about this report today. while, yes, we have been expecting a possible slump in the spring, it s happening before the full impact of the government s forced budget cuts have trickled down. we haven t yet fully felt those spending cuts yet. and you can see that in the number of government jobs that were lost in march. i say only lightly but only 7,000. you compare that to government job losses in february that was 14,000. and 9,000 job losses in the government sector in january. so this just may be scratching the tip of the iceberg as far as what we can expect to see going forward knowing that the spending cuts have yet to really go into effect. and, alison, explain to us about the unemployment rate here. it did fall to 7.6%, but that doesn t necessarily indicate that that is good news t
get your foot in the door at a company. doesn t mean a permanent job but sometimes it is all you need. they have added 619,700 holiday jobs in october and november. when december figures are added to the mix we could be looking at an all day hiring bigger than the 619,700 jobs. you make a good point. hsbc banks reaches a settlement. this is a huge dollar figure. the british bank agreed to pay a record 1.9 billion to settle a multi year investigation of how it ignored red flags of money laundering by mexican drug cartels and allowed transfers from iran and sudan which are under investigation. they have become a top priority for u.s. law enforcement. in a separate case another british bank agreed to settle their investigation with the
good sign for the labor market? now, macy s is saying it will add 80,000 christmas workers adding to toys r us, target, walmart and kohls but some economists have looked at the hiring trends as an indication that the tight job market might be easing. but is that so? job analysts at grey and christmas expect 700,000 temporary holiday jobs this season, and that s going to be up from 660,000 temp jobs last year. however, retailers always hire workers ahead of christmas before getting rid of them in january, and one of the reasons why retailers have increased their seasonal hiring this year is not just because retailers see a better sales environment, instead retailers have cut back on their work force so dramatically because of the economy that they need to hire more temps now to handle the typical christmas rush. all of that likely a temporary
victim s family stunned and afraid. i m wolf blitzer. you re in the situation room. the republican candidates are scrambling to cover as much ground as they can. the south carolina primary only nine days away and early voting in florida starting at the same time. it s now make or break for the stragglers in the gop pack. some are trying to cut into mitt romney s lead by slamming his record as a financier. romney is mounting a counter-offensive in florida today. jim acosta is joining us from west palm beach with the latest. jim? reporter: wolf, don t let all the florida sunshine fool you. mitt romney is coming up a blizzard of attacks from the gop rivals over the issue of corporate layoffs, so the gop front-runner returned to a familiar theme of the campaign, and that is he understands the plight of the unemployed. mitt romney hopes he s found the message to remain his bain in the neck. being unemployed for a long period of time means families are having a hard time ma
the lottery. imagine being told you had won on live tv. this is exactly what happened to a local sports anchor in canada yesterday. take a look. you know people are going to think this is kind of fishy, don t you? sorry. how many deleys are inport moody. i think just me, you know. congratulations, you just got groceries what did he win? he won a $2 million house or something. are you serious? yes, i m serious. so actually barry has a choice between four luxury homes, or $2 million in cash. the lottery was all part of a charity for a local hospital. pretty cool. well, the unemployment rate remains stuck at 9%, but there is a silver lining for holiday jobs, but first, did you know today november 4th is national candy day? odd timing considering the