Investors Retreat Economy Job Payrolls Disappoint

Investors retreated as the major indexes took a hit in early trade, trimming larger losses. The Labor Department's June employment report showed that 131,000 nonfarm jobs were lost in July, more than the 87,000 jobs forecast by economists and higher than June's total. The loss of jobs is primarily due to layoffs of temporary census workers. The unemployment rate held steady at 9.5% but investors...