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Economy: Stock Market / Jobs #1004295

CBS Evening News for Friday, Aug 05, 2011
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(Studio: Scott Pelley) The drop in unemployment cited; Stock Market Report; graph shown.

(Chicago: Anthony Mason) The employment situation examined; statistics on jobs added and lost and unemployment cited. [MF Global John BRADY†- says the US economy continues to add jobs.] [Mesirow Financial economist Diane SWONK††- says the risk of a double dip recession went down with today’s employment numbers.] [Unemployed Lorraine CHAVEZ‡- says underemployment is not survival.] The rally in the stock market with news the European Central Bank was intervening to help Italy and Spain discussed.

(Studio: Scott Pelley) Report introduced.

(London: Elizabeth Palmer) The economic crisis in Europe featured; scenes shown of angry crowds fighting with police in Spain over unemployment. [IG Index chief market strategist David JONES†- says the debt crisis always seems to be a couple steps ahead of the politicians.] [BGC Partners senior strategist Howard WHEELDON†- notes the impact on the US.]

(Studio: Scott Pelley) Graph showing average weeks of unemployment since 1948 shown. President Obama’s remarks at the Washington Navy Yard noted. [OBAMA – comments on the divisive debate over the US debt crisis.]

(Studio: Scott Pelley; Washington: Bob Schieffer) The partisanship in Washington and the unemployment rate discussed. The lineup for “Face the Nation” noted.

Reporter(s):
Pelley, Scott;
Mason, Anthony;
Palmer, Elizabeth;
Schieffer, Bob
Duration:
00:08:00

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