Wall St drops as weak jobs data sparks anxiety

Stocks opened lower on Friday after a government report showed the U.S. labor market deteriorated further in August, pushing the unemployment rate to its highest level in nearly five years.
The news of the unemployment rate climbing to 6.1% last month from 5.7% in July painted a bleak picture for the economy and the outlook for profit growth, and fueled a sell-off in Europe.
The Dow Jones industrial average was down 41.60 points, or 0.37%, at 11,146.63. The Standard & Poor's 500 Index was down 5.83 points, or 0.47%, at 1,231.00. The Nasdaq Composite Index was down 14.13 points, or 0.63%, at 2,244.91.