Friday, November 02, 2007

Yahoo: Finance: Job Growth Surprise: Up 166,000----Service Sector shines

Click on the post for the news in Yahoo this morn----after plunging yesterday, the market has stabilized a bit as payroll numbers were stronger than expected, with 166,000 jobs created---though manufacturing lost jobs, and construction lost, service sector shined.

Speculation has been all over the place on whether the Fed will ease further and this mornings data only makes the waters muddier. Older investors think the market has not been concerned enough about the negative financial sector results, and concern that service jobs will not compensate for the very bad performance in construction and financial.

Stay tuned. The future is in doubt. Stay alert. Stay tuned to
The Evansville Observer.

Click on the post for the full story.

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