Unemployment rate falls to 8.6% – Sheila Bair on what this means for the economy

Employers added 120,000 jobs in November, the Labor Department reported Friday, marking a pick-up in hiring from October. The unemployment rate fell to 8.6% – the lowest its been since March 2009. Those numbers are better than many economists were expecting.

Today on American Morning, former FDIC chairman Sheila Bair tells Christine Romans that this is definitely good news, but "there's still a lot of work ahead."