FINANCIAL CRASH FEARS: Crisis signs as US jobs market plunges to worst level in six years

AMERICA shocked global markets today as it unveiled the worst set of job figures since the recovery out of the financial crisis.

The dollar and world stock markets plunged today after it was revealed just 38,000 new US jobs were created last month – below expectations of around 164,000 and the the lowest figure since 2010.

Furthermore, employers hired 59,000 fewer workers in March and April than had previously been reported.

US unemployment fell, but that was in part due to people dropping out of the labour force.

America’s top stock market the Dow Jones today plunged by more than 100 points amid the dire jobs news, while the US dollar index saw its sharpest fall since early February.

It comes just days after a top economist warned the US is on course for another recession.

Full article: FINANCIAL CRASH FEARS: Crisis signs as US jobs market plunges to worst level in six years (Express)

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