According to the Labor Department employers added 166,000 jobs in October. This is nearly double what economists had anticipated. The current unemployment rate is 4.7%. This is a good sign that the credit crunch has not spilled over into other parts of the economy. This market is still trading lower in early morning trading. The DOW is currently down about 60 points @ 13,508.
Should be a great weekend for football with the highly hyped Indy vs patriots game on Sunday. The Cowboys are playing Phili in Philadelphia on Sunday night. Should be some great football.
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