http://www.foxnews.com/story/0,2933,128222,00.html NEW YORK U.S. stock markets hit new lows of the year Friday after the government released much worse-than-expected unemployment data and investors continued to fret over high oil prices. The blue-chip Dow Jones industrial average ended lower 147.70 points, or 1.50 percent, to close at 9,815.33. The technology-laced Nasdaq lost 44.74 points, or 2.52 percent, to end at 1,776.89, while the broader Standard & Poor's 500 index was down 16.73 points, or 1.57 percent, to close at 1,063.97. It was the lowest close for all three indexes this year. The Dow last closed lower on Nov. 28, the Nasdaq on Aug. 26 and the S&P 500 on Dec. 10. For the week, the Dow dropped 3.2 percent, the S&P 500 fell 3.4 percent and the Nasdaq plummeted 5.6 percent. It was the worst weekly performance for the Dow since the second week of March, and the worst week of the year for the other two indexes. Early Friday the Labor Department reported nonfarm payrolls rose 32,000, and the U.S. unemployment rate fell to 5.5 percent from 5.6 percent in June. The July job report reflects the weakest increase in hiring since December and comes after a revised gain of just 78,000 in June, even less than previously reported. Economists had forecast the creation of roughly 243,000 jobs for July. ------------------------------------------ and to get few other perspectives go here: http://www.msnbc.msn.com/id/5624615/ and here: http://www.npr.org/features/feature.php?wfId=3823099 (these stories seemed a bit too long to post them all here- but if people would prefer i will post them all.) I'll let you all make up your own minds before i say anything.