Dow Jones falling
Media playback is unsupported on your device
Video

New recession fears as weak US jobs data causes markets to fall

Stock markets have fallen sharply as weak US jobs data added to fears of a new global economic downturn.

Wall Street was hit hard, with the Dow Jones, S&P 500, and Nasdaq indexes down more than 2%.

Earlier, European stocks closed lower as the Department of Labor said the US economy added no net jobs in August.

Mark Mardell reports.

Go to next video: Jobs data prompt recession fears