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Transcripts For CNNW The Situation Room With Wolf Blitzer 20111202

a sudden turn around from months of grim unemployment news, the jobless rate in november dropped to its lowest level in almost three years. 8.6%. u.s. businesses added 140,000 jobs. government jobs were lost. it s a net gain bigger than a lot of experts were predicting and welcome news for a president trying to get re-elected. is doing everything i can every single day to get this economy growing faster and create more jobs. this morning, we learned that our economy added another 140,000 private sector jobs in november. the unemployment rate went down. and despite some strong head winds this year, the american economy has now created in the private sector, jobs for the past 21 months in a row. that s nearly 3 million new jobs in all. and more than half a million over the last four months. celebrations may be a premature. what do we see? first, the positive news. the unemployment, down from 9% to 8.6%. that s very good news. the numbers by the payrolls. these are the num

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