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Global market fall sharply on poor US job figures

Global markets have fallen sharply following worse-than-expected US jobs figures.

In Europe, the German Dax was down 3.4 per cent with the French Cac 40 down 2.2 per cent at close. The FTSE 100 was down 1.1 per cent to stand at 5,260.19.

At 16.49, the Dow Jones in the US was down 1.8 per cent.

The US economy added 69,000 jobs in May, the smallest addition in the past 12 months and well below market forecasts.

Earlier, EU figures showed the eurozone jobless rate at 11 per cent in April, a repeat of the March figures and the lowest level since 1995.

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Suzanne Finchett 1st June 2012 at 6:12 pm

    Does anyone else think that maybe perhaps the population is growing too quick for the economy??

  2. Doctors should be thankful they dont have private pensions.

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