10 things you need to know today: December 7, 2012

November jobs gains beat expectations, Egypt's opposition mulls a call for dialogue, and more in our roundup of the stories that are making news and driving opinion

House Speaker John Boehner (R-Ohio) and President Obama: Talking once again.
(Image credit: Getty Images)

1. NOVEMBER JOBS GAINS EXCEED EXPECTATIONS

The Labor Department reported Friday that American employers added 146,000 jobs in November, exceeding expectations and pushing the unemployment rate down, from 7.9 percent to 7.7 percent, the lowest rate since December 2008. Stock futures had been slightly lower ahead of the news, as investors braced for what they thought would be mildly disappointing numbers, but futures markets rallied after the report was released. Economists had expected the government to say the economy added just 93,000 jobs in November, down from a gain of 171,000 the month before, according to a Reuters survey. Hurricane Sandy has been blamed for a hiring slowdown in the Northeast, but it turned out to be a minor factor. If the figures had come in as forecast, the unemployment rate would have remained at 7.9 percent. [Associated Press]

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.