Obama's Economic Team and Unemployment

Unemployment has dropped from 9.8 to 9.4 percent of the American workforce, and President Obama lost no time in seizing the moment, noting that for the first time since 2006, the US has experienced "twelve straight months of private sector job growth." The President also announced his new economic team, led by Gene Sperling, who will replace Summers as head of the National Economic Council. Marc Ambinder is White House reporter for the National Journal.