NEW YORK (Reuters) – Wall Street ended its worst week this year with a sharp selloff on Friday after a slowdown in job creation in the world’s top economy raised the biggest question mark yet about the prospects for U.S. growth. Employers reduced hiring for the third straight month, adding 115,000 workers in April, well below forecasts of 170,000. Traders’ expectations had fallen during the week, but the softer jobs number missed even more pessimistic forecasts. Energy shares were the worst performers, with the S&P energy index down 2.2 percent on fears a worsening economy would sap demand. U. …
Wall Street posts worst week of 2012 as job growth slows
Posted by admin on May 5th, 2012
Posted in Business News 
