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Transcripts For CNNW Erin Burnett OutFront 20120107

her mother outfront tonight with a plea. and the bottom line on employment. 200,000 jobs added in america in the past month. president obama, meet ronald reagan? let s go, outfront. i m erin burnett. outfront tonight, is it morning in america for barack obama? the u.s. added 200,000 jobs last month. that absolutely trounces expectations and it brought the unemployment rate down to 8.5%. now, that is the fourth month in a row that we have seen a drop in the unemployment rate. we are now at the lowest level in almost three years. prior to the crisis. but where did we see the growth? health care and manufacturing are the two areas that stand out. manufacturing, in fact, may surprise you, but really been the area bouncing back all year. i want to put all this in perspective because it s really important for the election. i m going to call this a pie. it represents the 8.7 million jobs lost since the recession began in 2008. that is a whole lot of jobs. all right. since

Transcripts For CNNW Anderson Cooper 360 20120107

in america for barack obama? the u.s. added 200,000 jobs last month. that absolutely trounce expectations and it brought the unemployment rate down to 8.5%. now, that is the fourth month in a row that we have seen a drop in the unemployment rate. we are now at the lowest level in almost three years. prior to the crisis. but where did we see the growth? health care and manufacturing are the two areas that stand out. manufacturing in fact may surprise you, but really been the area bouncing back all year. i want to put all this in perspective because it s really important for the election. i m going to call this a pie. it represents the 8.7 million jobs lost since the recession began in 2008. that is a whole lot of jobs. all right. since then, though, 2.5 million jobs have been added. now, that s about 30% of the pie. so you can see it as positive because it s improvement and it is, but you could also say more than two-thirds of that pie is still red and that s a problem. there

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