The Williston Brewing Company is asking Jim Cramer to host a show live from North Dakota. If he comes, the company says everyone will shave their heads and grow goatees. Cramer says "this is where the jobs are."» Read More
CNBC's Steve Liesman discusses the strong jobs report and what sectors added the most jobs.
Andrew Burkly, Oppenheimer & Co. head of institutional portfolio strategy, and Michelle Girard, RBS chief economist, talk about the solid jobs report and the taper. Burkly says, "the biggest taper argument is that the Fed doesn't want to send a signal that they will stimulate the equity market forever."
LONDON, Dec 6- Gold climbed in volatile trade on Friday, bouncing from session lows reached after U.S. jobs data beat forecasts, as traders who had bet on even larger losses rushed to cover their positions. Spot gold was up 0.7 percent at $1,233.41 an ounce at 1439 GMT, off an earlier low of $1,211.80.
WASHINGTON, Dec 6- A report showing strong gains in U.S. employment also showed no progress in reducing long-term joblessness and should steer Washington toward extending unemployment benefits set to expire this year, the White House said on Friday. But White House economist Jason Furman said the drop was "entirely short-term unemployed finding jobs."
*Severe weather cuts oil production in Europe, U.S. LONDON, Dec 6- Brent crude rose above $111 a barrel on Friday after data showed the jobless rate at a five-year low in top oil consumer the United States. Brent was up 42 cents at $111.40 a barrel at 1433 GMT, while U.S. crude was up 7 cents at $97.45 a barrel.
Council of Economic Advisers Chairman Jason Furman says the employment number was good, but more work remains to be done. He also explains why the administration thinks it's important to extend unemployment benefits.
CNBC's Jim Cramer and Carl Quintanilla discuss the jobs report and if the positive numbers will cause the Fed to scale back its bond purchasing program.
Charles Plosser, Philadelphia Fed president, discusses his outlook on the economy and weighs in on Fed policy. I was not a fan of this QE program in the first place, Plosser said. It would be wise if we began to get rid of this program, he added.
*Fed to buy $4.25 billion to $5.25 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. "It pulls forward some expectations, potentially for a December taper," said Ira Jersey, an interest rate strategist at Credit Suisse in New York, though he added that Credit Suisse sees a move in January as more likely.
Charles Plosser, Philadelphia Fed president, shares his reaction to the latest employment numbers from the Labor Department. I don't get too excited over one number, Plosser added.
CNBC's Jim Cramer weighs in on this morning's jobs numbers and explains why he's concerned small business is at an unfair advantage to compete with big industries.
CNBC's Rick Santelli reports on the market's reaction to the better-than-expected jobs numbers.
WASHINGTON, Dec 6- U.S. employers hired more workers than expected in November and the jobless rate fell to a five-year low of 7.0 percent, which could fan speculation the Federal Reserve could start reducing its bond purchases this month. Nonfarm payrolls increased by 203,000 new jobs last month, the Labor Department said on Friday.
Mark Zandi, Moody's Analytics, and Gary Stern, former Minneapolis Fed president, share their predictions on this morning's jobs report and its likely impact on the Fed's tapering decision. And Christian Weller, Center for American Progress, weighs in on whether the Fed is hurting or helping the wealthy.
Jared Bernstein, Center for Budget & Policy Priorities and Arthur Brooks, American Enterprise Institute, discuss the impact of a minimum wage hike on the economy. A strong employment economy is the best anti-poverty tool there is, said Bernstein.
Gary Stern, former Minneapolis Fed president, and Arthur Brooks, American Enterprise Institute, break down the numbers on jobs and provide their take on the economic recovery. We are experiencing an asymmetrical recovery, Brooks said.
John Lonski, Moody's Capital Markets, and Lee Partridge, Salient Partners, provide a preview of this morning's employment numbers and how the results will likely impact the Fed's decision on when to begin quantitative easing.
LONDON,- Copper edged up on Friday as tightening near-term supply kept the metal underpinned, though gains were capped ahead of U.S. jobs data that could make or break the case for an imminent scaling back in U.S. stimulus. Also, cash copper is trading at a discount of just $2 a tonne to the benchmark three month price, indicating tight nearby supply.
LONDON, Dec 6- Financial markets were in a state of suspended animation on Friday as tension mounted ahead of jobs data that could make or break the case for an imminent scaling back in U.S. stimulus.
LONDON, Dec 6- The dollar rose against basket of currencies on Friday, with its short term fortunes riding on whether key U.S. jobs data can bolster the case for the Federal Reserve to start scaling back monetary stimulus.