Dismal Job Market Pushes Dow into 275-Point Plunge
The stock market suffered its worst day of the year Friday after a surprisingly weak report about hiring and employment cast a pall of gloom over the U.S. economy.
JobsReport
U.S. Employers Added Just 69,000 Jobs in May, Fewest in a Year
U.S. employers created only 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up. The dismal jobs data will fan fears that the economy is sputtering. But it could lead the Fed to take further steps to help it.
U.S. Hiring Slows Sharply With Just 115,000 Jobs Added in April
U.S. employers pulled back on hiring in April for the second straight month, evidence of an economy still growing only sluggishly. The unemployment rate dipped, but only because more people gave up looking for work.
Stocks Weaken Despite Strong December Jobs Report
Stocks are opening slightly lower despite a government report that the unemployment rate dropped in December to the lowest level in nearly three years. The Labor Department said early Friday that the unemployment rate fell last month to 8.5%, while U.S. employers added a net 200,000 jobs.