Story Highlights National unemployment rate fell from 7.9% to 7.7% Job growth has been modest Fiscal cliff tempers hiring A job seeker talks to a recruiter at a job fair expo in Anaheim, Calif.

Worries about the U.S. fiscal cliff weighed on world markets today, after Republicans failed to pass their Plan B emergency fix. If Congress doesn't act by Dec. 31, taxes will rise, defense and non-defense spending will be slashed. Economists say the full force the laws that go into effect for 2013 could send the nation back into recession.

There were more people that turned out fot the iPhone 3G, iPhone 3GS and iPhone 4S. For the Apple Industry, only the iPhone 4 (which drew 1,300 people) and iPad 2 (which drew 1,190 people) had bigger crowds. Before the doors opened, only 800 people of New York were in line

US, China economic figures shore up markets