From CNNMoney.com
While investors were hoping for a weak number that might lead the Fed to stop raising interest rates, one analyst said the jobs number was so small that it causes concern the economy may be headed for downturn.
'I think this was a horrible number," said Briggs, "It means the economy is falling down."
Briggs said the low number overshadowed any positive effect a halt in interest rate hikes might have.
"Yippee, the Fed might pause," he said with more than a tinge of sarcasm. "I'm a growth guy."
Other analysts shared Briggs' view.
"It was like, 'Wow,'" said Hugh Johnson, chairman of the asset management company Johnson Illington Advisors. "What we're seeing today is the 'R' jitters."