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Stories for June 2nd 2012

• Saturday, June 2nd 2012 - 03:01 UTC

  Black Friday for markets; US dismal jobs report and European crisis

  

  US stocks fell more than 2% on Friday, dragging the Dow Jones into negative territory for the year after a dismal US jobs report added to fears that Europe's spiralling debt crisis was dragging down the world economy.

• Saturday, June 2nd 2012 - 02:49 UTC

  Euro zone unemployment hits a new record low: 17.4 million out of work

  

  Euro zone unemployment has hit a record high, and job losses are likely to keep climbing as the bloc's devastating debt crisis eats away at businesses' ability to hire workers while indebted governments continue to cut staff.