Update on US Stockmarket

[pioneer]

US shares have seen big falls after it emerged that fewer jobs were created last month than expected.

The Dow Jones index shed 324 points or 3.16% in Friday trading, with the S&P 500 and Nasdaq indexes also seeing falls of more than 3%.

Some 431,000 jobs were created in May, the Labor Department said. However, analysts had expected 500,000 new jobs.

Adding to the bleak outlook, most of the new jobs - about 411,000 - were temporary posts for 2010 Census staff. - BBC