Employment Report Scares the Market
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A surprisingly weak jobs report sent the markets reeling and plunged the major stock averages into a deficit for the week.
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Stocks fell sharply on Friday, as the government announced the first monthly drop in payrolls in four years, stoking market worries about a recession.
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For the average investor, the U.S. stock market is looking downright scary. One day it's plummeting. The next day it's soaring.
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Investors sought safety in government debt and gold as the latest job report raised fears that corporate profits will weaken.
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Wall Street was lower as a pair of disappointing economic reports added to investor anxiety about the economy.
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Stocks slipped on Wednesday as a report suggested that November job growth may have exceeded Wall Street's estimates, diminishing the chances of an interest-rate cut any time soon.
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U.S. stocks fell at the market open on  Friday after a government report showed weaker-than-expected  job growth in September, a sign the  economy may not be as  strong as Wall Street had estimated.
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The U.S. factory sector and the job market showed surprising weakness in data released on Thursday, raising concerns the Federal Reserve may need to deliver more interest rate cuts to shore up the economy.
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NEW YORK  -U.S. stocks fell on Friday after the release of weaker-than-expected September employment data, adding to worry that the economy may be slowing to the detriment of corporate profits.
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NEW YORK - Investors sent stocks lower Friday as a surprisingly lackluster job creation report deepened Wall Street's pessimism over the health of the economy.    Investors saw the latest Labor Department report as a sign that the economy continues to struggle through a period of sluggish growth...
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Wall Street looked set to open lower on Wednesday as the employment picture soured in August after reports showed a surge in lay-offs and the slowest rate of private-sector hiring in more than four years.
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Stock markets ended one of the most volatile months in years on an impressive note, but this coming week still won't be any easier for investors as the employment report and housing turmoil remain high on radar screens.
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TORONTO (CP) - Stocks were lower Friday afternoon as markets sorted through an August US jobs report that narrowly missed modest expectations and were dismayed at a revenue warning from tech bellwether Intel.
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Stocks rose slightly on Friday after an economic report showed a resilient job market, but investors remained cautious amid growing concerns about the subprime mortgage market.
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The monthly Labor Department jobs report is often wide of the mark, requiring substantial revisions weeks later and leaving investors unsure of how to interpret the results.
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Friday's news of a buckling U.S. job market sent stock investors running for the exits, and this week promises to be no less stressful as investors grapple with the increasing possibility of an economic recession.
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Investor's Business Daily - Higher input costs and a shortage of skilled workers tempered the latest survey by the National Association for Business Economics. The goods-producing sector was the least optimistic, with industrial and agricultural firms planning to continue cutting jobs. Still, overall activity, hiring and capital spending have rebounded from a weak Q1.