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1:00 PM ET, December 2, 2011

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 Top Items: 
Bureau of Labor Statistics:
Employment Situation Summary  —  Transmission of material in this release is embargoed USDL-11-1691 until 8:30 a.m. (EST) Friday, December 2, 2011  —  Technical information:  —  Household data: (202) 691-6378 * cpsinfo@bls.gov * www.bls.gov/cps
RELATED:
Shobhana Chandra / Bloomberg:
U.S. Jobless Rate Unexpectedly Declines to 8.6%  —  Payroll gains in the U.S. picked up last month and the jobless rate unexpectedly fell to the lowest level since March 2009, a decline augmented by the departure of Americans from the labor force.  —  Payrolls climbed 120,000 …
Catherine Rampell / New York Times:
Signs of Hope in Jobs Report; Unemployment Drops to 8.6%  —  The American unemployment rate unexpectedly fell to its lowest level in two and a half years in November, despite the many global crises batting against the economy.  —  The unemployment rate fell to 8.6 percent …
Phil Izzo / Real Time Economics:
Why Did the Unemployment Rate Drop?  —  The U.S. added 120,000 jobs in November, but the unemployment rate posted a huge drop to 8.6% from 9% and a broader unemployment rate fell even more to 15.6% from 16.2%.  Why?  —  The number of jobs added comes from a survey of establishment payrolls.
Josh Boak / The Politico:
Unemployment rate drops to 8.6 percent
Discussion: CNN and The Political Carnival
Steve Benen / Washington Monthly:
Jobs picture improves, unemployment drops
Discussion: The Maddow Blog
Alan B. Krueger / White House.gov Blog:
The Employment Situation in November
Discussion: The Enterprise Blog
Wall Street Journal:
Unemployment Slips to 8.6% as Private Sector Adds Jobs
Charles Krauthammer / Washington Post:
Mitt vs. Newt  —  It's Iowa minus 32 days, and barring yet another resurrection (or event of similar improbability), it's Mitt Romney vs. Newt Gingrich.  In a match race, here's the scorecard:  —  Romney has managed to weather the debates unscathed.  However, the brittleness he showed …
RELATED:
Ramesh Ponnuru / National Review:
Romney's the One  —  Even though nobody has yet cast a vote in the primaries, Republicans are increasingly resigned to Gov. Mitt Romney's winning the party's presidential nomination.  Every week he gets a few more endorsements from Republican officeholders.
Discussion: Business Insider and RedState
Jonathan Bernstein / Washington Post:
Gingrich presidential run inspires fear and loathing in top GOP circles  —  Sure, Newt Gingrich is surging in the polls.  But the blunt truth about Newt is that the people who know him best and have worked with him in Washington want him nowhere near the White House or the top of the GOP ticket …
Scott Johnson / Power Line:
Nixon's the one!  —  I take myself to be the average Republican primary voter.
Discussion: The Daily Dish and National Review
David Weigel / Slate:
Absolution for Newt  —  How evangelicals are finding a way to support Gingrich.
Discussion: Iowa Caucuses and The Politico
Hotline On Call:
Insiders Not Sold on Gingrich
Discussion: GOP 12
Jennifer Jacobs / Iowa Caucuses:
Iowa Poll: Herman Cain support in Iowa takes nose dive  —  Herman Cain (David Purdy/Des Moines Register file photo)  —  Herman Cain's once-surging popularity in Iowa has plummeted in the wake of an allegation of a 13-year extramarital affair, leaving him at single-digit support with the Iowa caucuses just over a month away.
RELATED:
Paul West / Los Angeles Times:
Newt Gingrich expands on his support for child labor
Discussion: The Iowa Republican
The Politico:
Newt Gingrich surge strains his campaign
Discussion: Ben Smith's Blog and msnbc.com
Allison Samuels / The Daily Beast:
Herman Cain's Marriage Shaken by Infidelity Charges  —  As the one-time GOP frontrunner meets up with his wife to discuss his political future, friends say fresh charges of infidelity reopened old wounds in his marriage.  —  In October, Herman Cain was having the time of his life, according to those who know him well.
RELATED:
John DiStaso / unionleader.com:
Cain: Wife didn't know about friendship, ‘financial assistance’ to Ginger White
RELATED:
Paul Krugman / New York Times:
Killing the Euro  —  Can the euro be saved?  Not long ago we were told that the worst possible outcome was a Greek default.  Now a much wider disaster seems all too likely.  —  True, market pressure lifted a bit on Wednesday after central banks made a splashy announcement about expanded credit lines …
Discussion: US Politics
RELATED:
Alexander Bolton / The Hill:
Conservatives craft bill to prevent IMF bailout of crumbling eurozone
James Taranto / Wall Street Journal:
The Meathead Vote  —  For liberal baby boomers, it's always 1972.  —  In hilarious fashion, National Journal's Reid Wilson picks up on this week's predominant theme, Democrats and demographics.  He paints a sunny picture of President Obama's re-election prospects based on Ruy Teixeira …
Josh Peterson / The Daily Caller:
Under assault for liberal bias, Politico's traffic dives  —  Internet traffic and Web search measurement tools from several sources indicate that despite massive promotion efforts on MSNBC and in other venues, Politico.com is rapidly losing readers, especially outside of Washington, D.C.
Washington Post:
Payroll tax break: Extension proposals from both parties fail in Senate  —  The Senate late Thursday rejected competing partisan visions for extending a temporary tax break that benefits virtually every American worker, clearing the way for more serious negotiations over how to cover the cost of the tax cut.
Jeffrey Goldberg / The Atlantic Online:
Is Iran Already Under Attack?  —  Adam Chandler, the Goldblog deputy-editor-for-monitoring-Iran- obsessively-even-though-Goldblog- himself-also-monitors-Iran-obsessively, pointed out to me the other day that perhaps the West has already begun the attack on Iran's nuclear facilities, that perhaps we ought to reframe this issue a bit.
Discussion: Harry's Place and Sister Toldjah
Alexandra Petri / Washington Post:
Michele Bachman gets things straight on gay marriage  —  Jane Schmidt, a student at Waverly High School, in Waverly, Iowa, recently asked Michele Bachmann, “Why can't same-sex couples get married?”  —  “They can get married,” Bachmann responded, “but they abide by the same law as everyone else.
Erik Wasson / The Hill:
White House warns spending talks are on track for another shutdown ‘crisis’  —  White House Budget Director Jack Lew on Friday warned that the negotiations on the 2012 omnibus spending bill are going poorly and could soon lead to a “crisis” that shuts down the government.
Discussion: The Politico
Sam Dagher / Wall Street Journal:
Turf Battle Forms Over Hussein's Palaces  —  CAMP VICTORY, Iraq—A quarrel is brewing among Iraqi officials over who gets to decide what to do with the sprawling complex of grandiose former palaces of Saddam Hussein that has served for years as Camp Victory, the headquarters of the U.S. military in Iraq.
Discussion: Booman Tribune and MyFox Boston
 
 
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 More Items: 
Jake Tapper / ABCNEWS:
Gingrich Breaks from Some in Anti-Abortion Community on When Life Begins
Discussion: LifeNews.com
Metro:
First-grader accused of sexual harassment
Discussion: Mediaite, CBS Boston and MyFox Boston
Anita Kumar / Washington Post:
Ken Cuccinelli announces he will run for Va. governor in 2013
Justin Sink / The Hill:
Ethics panel extends Jackson probe
Discussion: The Politico
Jason Stein / JSOnline:
Walker administration would charge Capitol protesters for police, cleanup
Wall Street Journal:
Pakistan Was Consulted Before Fatal Hit, U.S. Says
Discussion: emptywheel and MyFox Atlanta
Katie Roiphe / Slate:
Back Off, Angry Commenters
Discussion: Feministe, TBogg and Gawker
Sam Baker / The Hill:
OVERNIGHT HEALTH: IPAB gets a reprieve
 Earlier Items: 
David Brooks / New York Times:
The Spirit of Enterprise  —  Why are nations like Germany and the U.S. rich?
Discussion: Ben Smith's Blog and Rod Dreher
Jeremy Herb / The Hill:
Senate passes $662B Defense bill after deal on detainee language
Discussion: Shakesville
Motoko Rich / New York Times:
Few Workers Have Fully Recovered, Study Says
Discussion: Pirate's Cove
Tyler Durden / zerohedge.com/fullrss2.xml:
GM Channel Stuffing Surges To All Time Record
Discussion: Weasel Zippers and Don Surber
Ambrose Evans-Pritchard / Finance:
You are all wrong, printing money can halt Europe's crisis
Jeff Zeleny / New York Times:
Ex-Governor Bill Richardson Is Said to Be Under Investigation
Jonathan Capehart / Washington Post:
Newt Gingrich's disgusting remarks about ‘really poor children’