U.S. markets fall on employment news

NEW YORK, Dec. 5  -- U. S. stock indexes declined Friday after the Labor Department said unemployment had reached 6.7 percent in a recession now digging it its heels.

The U. S. employment picture includes 533,000 non-farm jobs lost in November, 403,000 lost in October and 320,000 in September, the department said.

In early afternoon trading, the Dow Jones industrial average lost 136.83 points, or 1.63 percent, to 8,239.41. The Standard and Poor's 500 fell 1.67 percent, 14.09 points, to
831.13. The Nasdaq composite index lost 15.85 points, 1.1 percent, to 1,429.71.

The benchmark 10-year U. S. Treasury bond fell 8/32 to yield 2.584 percent.

The dollar was mixed. The euro fell to $1.2661, compared to $1.2788 Thursday. Against the Japanese yen, the dollar fell to 92.08 yen from 92.28 yen Thursday.

In Tokyo, the Nikkei average lost 6.73 points to 7,917.51, off 0.08 percent.

In London, the FTSE 100 index lost 137.68 to 4,025.93, off 3.31 percent. (UPI)

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