Detailed text transcripts for TV channel - MSNBC - 20121103:

Detailed text transcripts for TV channel - MSNBC - 20121103:11:17:00

joining me now, hitha prabhakar a retail and economy analyst. good morning. >> good morning, alex. >> let's talk about yesterday's jobs numbers which were better than expected. can you break it down? >> jobs, about 171,000 jobs were added to the job pool. and that actually bumps the numbers up from 7.8% to 7.9%. the reason why there, they're jobs that were added, but really, there were more people in the pool that were applying for work that didn't end up going in to and actually getting work. so that's why we're seeing that bump up in that jobs number. >> okay. you know the numbers i'm hearing as a result of hurricane sandy, the costs, are just astronomic. can you break that down? >> in the beginning they were estimating that the storm was going to cost around $20 billion. now they're saying it's going to be between $30 billion to $50 billion. and one of the reasons why is because of all the electrical problems, and all the road closures. people can't get to -- get to

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