Again, global stock fell

Stock fell around the world on March 7, 2008. A series of bad news just keep coming. The biggest drop in jobs since 2003 sent energy and mining companies stock in US lower. Coal Drops as increased production in South Africa reduced demand for U.S. exports to Europe. Payrolls fell by 63,000, the most in five years, after a revised decline of 22,000 in January. The jobless rate dropped to 4.8 percent, reflecting a shrinking labor force. Weakening labor market, lower home prices, higher fuel and US mortgage problem, may force consumers to further reduce spending.