Stocks Slide As US Jobless Data Fuel Economy Concerns

Stock markets slid Thursday as worse-than-expected US jobless data stoked concern about the outlook for the world’s biggest economy.

Already on Wednesday, a sobering Federal Reserve assessment of the US economic outlook had soured sentiment on stock markets across the globe. Federal Reserve chief Jerome Powell has led repeated calls for more government support for the economy. “There is a big risk the economy may not recover as strongly or as quickly as had been priced in by US markets,” said ThinkMarkets analyst Fawad Razaqzada.

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