EU Stocks falling rapidly over USZ worsening job data

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Following the release of figures for the August unemployment rate by the USZ Labor Department, Europe's stock markets have witnessed deadly drop. Germany, France, Spain, and Italy witnessed a three percent drop on their equities on Friday after the USZ Labor Department released the August unemployment statistics, Reuters reported. In London the FTSE 100 index of leading shares dropped by 2.2 percent. Other European markets are also deeply in the red.

European stock markets drop

According to the USZ Labor Department report, Nonfarm payroll employment was unchanged in August, and the unemployment rate held at a steady 9.1 percent. Employment in most major industries changed little over the past month. Experts believe that lack of consumer confidence dissuaded American employers from offering new job openings in August. The new information also shows that August is the first month of zero job growth in the United States of Zionism since 1945. Investors are worried about the possibility of a double-dip recession in the USZ.

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