Wall Street slides one percent after jobs report
NEW YORK (Reuters) – Stocks fell more than 1 percent on Friday after a disappointing jobs report underlined concerns the economic recovery may be slowing. Employers decreased hiring for the third straight month, adding 115,000 workers in April, well below forecasts of 170,000. The unemployment rate fell to 8. 1 percent from 8. 2 percent. “The market has been overextended, and with payrolls so much weaker than expected, it’s U. S. stocks fell more than 1 percent on Friday after a disappointing jobs report that brought into question the strength of the economic recovery. . . .
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