Wednesday, November 7, 2007

October Employment Numbers

Weird can't tell which is correct. I thought this quote was from an article written today, however, I found it again after clicking away from it and it says it was written at 5:55pm on November 1. That would be right as the crude oil price numbers sound correct:
With the market growing pessimistic about the economy, the Labor Department's report on October jobs creation, scheduled to be released Friday morning, will be taking on even more importance than it usually has. The data is expected to show unemployment remained steady in October, with payroll growth of 85,000 new jobs, compared with 110,000 in September.
But the title of the article is the Dow drops 360. And the Dow dropped 360 today:
Stocks Plunge With Dollar; Dow Down 360
Are we going through some sort of time warp?
Ok, on second glance, the Nov 1st article says:
The Dow fell 362.14, or 2.60 percent, to 13,567.87.
And today's article says:
The Dow Jones industrial average fell more than 360 points -- just about matching its plunge of last Thursday.
That makes more sense. It goes on to say:
According to preliminary calculations, the Dow fell 360.92, or 2.64 percent, to 13,300.02.
It's a slow bleed...