U.S. market tumbled again yesterday, reaching new multiyear lows during the session. Futures climbed from their lows this morning after the employment situation report.
Employers cut 651,000 jobs from nonfarm payrolls in February, roughly in-line with expectations. The prior two months were also revised to show many more jobs were lost than previously thought. The unemployment rate hit a 25-year high of 8.1%.
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