Latest Job Gains Enough To Cure Economy?

People sit beneath a news ticker in Times Square Thursday, Aug. 4, 2011  in New York. Gripped by fear of another recession, the financial markets suffered their worst day Thursday since the crisis of 2008. The Dow Jones industrial average fell more than 500 points, its ninth-steepest decline ever. i i

hide captionPeople sit beneath a news ticker in Times Square Thursday, Aug. 4, 2011 in New York. Gripped by fear of another recession, the financial markets suffered their worst day Thursday since the crisis of 2008. The Dow Jones industrial average fell more than 500 points, its ninth-steepest decline ever.

Frank Franklin II/AP
People sit beneath a news ticker in Times Square Thursday, Aug. 4, 2011  in New York. Gripped by fear of another recession, the financial markets suffered their worst day Thursday since the crisis of 2008. The Dow Jones industrial average fell more than 500 points, its ninth-steepest decline ever.

People sit beneath a news ticker in Times Square Thursday, Aug. 4, 2011 in New York. Gripped by fear of another recession, the financial markets suffered their worst day Thursday since the crisis of 2008. The Dow Jones industrial average fell more than 500 points, its ninth-steepest decline ever.

Frank Franklin II/AP

Federal statistics show the U.S. gained 117,000 jobs in July, and unemployment dropped to 9.1 percent. Financial journalist Stacey Tisdale discusses what these numbers mean for the national economy's long-term health, and Rep. Chakah Fattah describes how his Pa. district compares to the rest of the U.S.

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