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.
02 Sep 2011
- From the section Business