internationally understand this abroad he will do what he can to smooth over hard feeling withs the saudis and encourage them to loosen the spigot when it comes to oil production at the same time. domestically, though, there s a heavy price to be paid. the price of criticism from both the political left and the right that what he s doing is essentially shuffling over to the saudis hat in hand while tamping down domestic oil production here at home. not exactly a real picnic when you consider he s been critical as rich pointed out as saudis human rights records. quote from the start my aim was to reorient but not rupture relations with a country that s been strategic partner for 80 years. today saudi arabia has help today restore unity among the six counties of the gulf cooperation council. has fully supported the truce in yemen and now working with my experts to help stabilize oil markets with other opec producers, end quote. understandably on capitol hill, you guessed it, go
greater than 5% meaning that the advertising revenue will not be what they thought it would be because, you know, fake accounts don t buy stuff, so the fact of the matter is, it s a negotiation and it s going to play out over time. rich: i want to turn to some of the job s numbers that we got on friday. this is the june job s report, snapshot of what the economy was doing when it came to hiring, 372,000 jobs created in june. beats expectations that were at 268,000 and the unemployment rate remains steady at 3.6%. this is a great snapshot of the economy. the economies call this a lagging indicator because it s not a really a realtime thing. what do you think the economy is doing as far as employment now, do you think that the strong jobs reports are going to pull back a little bit or will they remain heavy and strong going into the fall? mitch: the problem with the job s number is the headline, the two headlines look really
is or isn t. other stuff we want to get to, wall street closed out the week on a record high. i guess that happens a lot lightllight lately. but this was only hours after details of a june jobs report. unemployment fell to 6.1% fp there are questions about how sustained the economic recovery is. new york sometimes points out all the snow days may have contributed to june s rosy report. more seasonal educational workers were employed longer. so we didn t want to suggest the economy is heading in the wrong direction, but was the report as wonderful as we thought. 288,000 jobs created in june. this is the strongest first six months of the year since 1999.
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
the unemployment rate holding at 8.2%. doug mckelway has more from washington. rick: the romney campaign pounced on the jobless numbers and on it comments from the obama camp that appear to minimize the impact of only 80,000 jobs created in june. the president called those number has step in the right direction. his advisor, david plouffe, stays, quote, what everybody expected. it prompted this response from the romney campaign. with millions of americans facing what even vice president biden called a depression, it s clear president obama is simply out of touch with the difficulties facing middle class families. the president did not mention the jobs numbers in his weekly address today. instead, focusing on the stimulus effects of his signing of the transportation and student loan bills. first they will keep thousands of construction workers on the job rebuilding our nation s infrastructure. second, it will keep interest rates on federal student loans from doubling this year, whic