Stocks slumbed Friday on data revealing the first monthly employment decline in four years..heightening in vestors’ fears that the credit crunch has developed into a broader economic downturn. however, the market is clearly worried that the wall strrt [ credit crunch] spread to Main Street. "The bullish case was that overseas strength would create demand for U.S. products, jobs would stay strong and the housing problem contained." but on August’s, the payroll drop was below WAll Street expectations of a 112,000-job increase, even after many investors steeled themselves for a below- forcast hiring number following a tepid report earlier this week on private-sector employment by Auto Data Processing and Macroeconomic Advisers.
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