A stronger jobs report wasn't enough to calm financial markets or stem concerns that the debt crisis in Europe could threaten the fragile U.S. economy.

The Dow Jones industrial average was down nearly 130 points in midday trading Friday.

Investors are increasingly concerned about the economy in the U.S. and abroad. Among the issues: The building financial crisis in Europe; hiring in the U.S. that is too slow to significantly lower the unemployment rate; anemic growth in manufacturing, the service sector and a decline in consumer spending; and the belief that the government has might not do more to stimulate the economy.

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