President Obama held a news conference today in Cannes, France, where he and other leaders from the G-20 nations have wrapped up a two-day summit. We live-blogged as he spoke.
Update at 11:20 a.m. ET. On The President's Comments About GDP And The Economy Since He Took Office:
The It's All Politics blog is handling most of NPR.org's coverage of the sexual harassment allegations against Republican presidential candidate Herman Cain — who has said the charges that stem from his time as head of the National Restaurant Association in the late 1990s are baseless.
Credit Jacob Goldstein, Aly Hurt, and Jess Jiang / NPR
The unemployment rate fell slightly to 9 percent in October, according to this morning's big jobs report. But this single number hides a huge variation among different groups.
For high school grads in their early 20s, for example, the unemployment rate is about 18 percent. For college grads in their 30s and 40s, the rate is under 5 percent.
Shares of the daily deal company Groupon hit the Nasdaq stock exchange Friday after an IPO raised about $700 million. The company has been dogged by investor concerns over management and questions about its accounting methods.
Jon Corzine, the former governor and senator from New Jersey, has resigned from his post as head of MF Global. The company has been under scrutiny from regulators and investigators following its rapid decline and bankruptcy filing earlier this week.
Meanwhile, there was a net gain of 80,000 jobs on public and private payrolls. Private-sector employment went up by 104,000 jobs. Government agencies reduced their payrolls by 20,000.
The most-anticipated economic news of the week — word about the October unemployment rate and, hopefully, how many jobs were added to payrolls last month — is due at 8:30 a.m. ET.
A month ago, the Bureau of Labor Statistics said the jobless rate in September was 9.1 percent and that 103,000 jobs were added to private and government payrolls.