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Economy: Jobs, Europe #1023888

CBS Evening News for Friday, Jun 01, 2012
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(Studio: Scott Pelley) The increase in the unemployment rate and the job creation numbers cited; graph and photos from job fairs in Los Angeles, New York and Salem, Oregon shown; remarks from Salem job seeker Rachel Norris quoted.

(Studio: Anthony Mason) The discouraging jobs report that indicates the economy is slowing reviewed. [TD Securities strategist Millan MULRAINE††- notes the impact of the crisis in Europe.] [Rebecca Minkoff CEO Uri MINKOFF††- talks about doubling his work force; expresses optimism.] The bright spots in the economy and the uncertainty about Europe discussed.

(Studio: Scott Pelley) The plunge in the stock market and the unemployment rate in Europe cited.

(London: Mark Phillips) The European debt crisis examined; details given about the significance of the upcoming election in Greece that hinges on the bailout plan and what would happen if Greece defaults; scenes shown of Greek Leftist candidate Alexis Tsipras††. [BGC Partners David BUIK††- warns about recession across the world.]

(Studio: Scott Pelley; London: Mark Phillips) The reaction of bankers in Europe to the possibility of the Euro collapsing discussed.

Reporter(s):
Pelley, Scott;
Mason, Anthony;
Phillips, Mark
Duration:
00:06:40

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