Stocks Plummet after Weak Jobs Report
Posted on May 04, 2012 at 10:49 AM EDT
Stocks were down in early trading today, after a weaker-than-expected government jobs report underscored worries over the strength of the economic recovery. Non-farm payrolls rose much less than expected, with employers adding just 115,000 jobs in April. Economists expected employers to increase hiring by 170,000 workers. Still, the unemployment rate slipped to 8.1 percent, the lowest since January 2009. As the economy slows, investors have been anticipating more action from the Federal Reserve. In particular, some investors expect the central bank to launch...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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