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The unemployment rate remained 3.6% for a fourth straight month, matching a near-50-year low.Â
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Shares in Asia and Europe also made gains and oil prices also rose.
Stocks fell sharply on Wall Street, pulling the Dow more than 1,800 points lower and placing the S&P 500 on track for its worst day in nearly three months.
Stocks are widening their losses and the price of oil is falling sharply again as clampdowns related to the coronavirus escalate.
Stocks are closing sharply lower as fears of a prolonged coronavirus-induced recession take hold.
Finance
Stocks lost nearly 3,000 points on Wall Street Monday as huge swaths of the economy come closer to shutting down due to the coronavirus outbreak.
Economics
The stock market had its biggest drop since the Black Monday crash of 1987 as fears of economic fallout from the coronavirus crisis deepened.
The Dow Jones Industrial Average dropped 785 points and bond prices surged after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
Stocks plunged on Wall Street as investors feared that a virus outbreak that originated in China will dent the global economy.
President Donald Trump says products coming from China that were slated to be hit with a 10% tariff on Sept. 1 will now face a 15% tariff.