Most Important News of the Day 12-02-11

The most important news of the day highlights the end of a week of rally on the U.S. stock market. The monthly Employment Situation Report for November, published today, showed dramatic unemployment rate improvement. However, the driver of that numerical change is suspect, as a large number of Americans dropped out of the labor force. You'll find that story and all the day's most important news here below.

The Day's Most Important News

• White House: Economy Needs to Create Jobs


• Unemployment Rate Improved to 8.6%


• Spain Rating Warning Sets Yields Soaring, Dollar Surging


• Cain Meets with Wife Today


• Corzine Subpoenaed Over MF Global Disaster (OTC: MFGLQ.PK)


• Merkel Says Solution Could Take Years


• Euro Turns Lower


• Oil Posting Weekly Gain on Iran Woes


• Putin’s Russia


• Gold Price up to Near $1750


• Zynga Seeks a Billion Through IPO


• Big Lots Cautions on Christmas (NYSE: BIG)


• US Automakers Post Strong November Production (NYSE: F)


• Iran Warns US, EU not to Back UK


• Islamists Win Egypt


• GM Offers to Buy Back Volts (NYSE: GM)


• H&R Block Down on Loss (NYSE: HRB)


• Western Digital Surges on Forecast (NYSE: WDC)


• The Winds of Santa Ana


• al-Qaeda Claims to Have American Hostage


• Scientists Take First Step Towards Teleportation


• German Bank Chief Sticks to Hard Line


• Fed Hawks Say Central Banks Can’t Solve Fiscal Woes


• Making a Case Against China’s Unfair Solar Trade


• US Railroads Avert Union Strike (NYSE: CSX)


• Fiat Boss Says Euro Crisis Cuts too Deep (OTC: FIATY.PK)


• House GOP Meets on Payroll Taxes


• Monster Employment Index Rises 10% (NYSE: MWW)


• Yahoo! Earnings Calendar

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