Stocks tumbled Thursday after a dismal report on the job market renewed fears of another recession.
No new jobs were created in the U.S. last month, the government said early Friday. It was the worst report in 11 months. The unemployment rate held steady at 9.1 percent. It has been above 9 percent in all but two months since May 2009.
"It's certainly ugly," said Jeff Kleintop, chief market strategist at LPL Financial. Kleintop said the report didn't change his view that the economy was headed for a stretch of weak economic growth, not a recession.
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