The Dow Jones industrial average lost 395 points, or 3.1%, its biggest one-day decline on both a point and percentage basis since February of 2007, at the start of the subprime mortgage crisis.
The broader Standard & Poor's 500 index lost 3.1%, while the Nasdaq composite lost 3%. Both saw their biggest one-day declines on both a point and a percentage basis in more than four months.
The unemployment rate shot up to 5.5% in May from 5.0% in April, the government reported, marking the biggest one-month surge in over 20 years. -- from CNN.comThe GOP answer: John "The issue of economics is not something I've understood as well as I should" McCain
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