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Economy: Jobs / Housing #1031596

CBS Evening News for Tuesday, Sep 25, 2012
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(Studio: Scott Pelley) The rise in consumer confidence noted; statistics on home prices, stock portfolios and gas prices cited.

(Studio: Anthony Mason) The improving jobs picture examined; details given about seasonal hiring at several retailers; unemployment figures cited. [GameStop’s Mike BUSKEY††- says if you have a significant offering consumers are ready to spend money; mentions Apple’s iPhone 5.] [Moody's Analytics Scott HOYT††- predicts it will be a modestly disappointing season.]

(Studio: Scott Pelley) The rise in home prices in Phoenix, Detroit and Denver cited.

(Douglas County, Colorado: Barry Petersen) The problem of low rental availability for people facing foreclosure examined; the rise in rental prices cited. [Facing foreclosure John and Gina BURNETT††- react to their situation.] [Real estate economist Ron THROUPE††- says they lost their equity so they have to save to buy a new home.]

Reporter(s):
Pelley, Scott;
Mason, Anthony;
Petersen, Barry
Duration:
00:05:30

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