Markets Sink As Slower Job Growth, Trade War Fears Spook Investors

by Martha C. White

Even an improving labor market can’t shake Wall Street's worry over the Trump administration’s tariff bluster. All three major indices were sharply down Friday, with the Dow Jones losing 600 points by mid-afternoon as investors digested the day's news.

Although the official unemployment rate remained at 4.1 percent, a broader unemployment measure continued to tick down, and wage gains increased, the Bureau of Labor Statistics reported a mere 103,000 jobs added in March.

“It was surprisingly low,” Andy Challenger, vice president at Challenger, Gray & Christmas. “It could be a sign of some tentativeness from employers,” he suggested.

Click here for the full article. 

Source: NBC News