GLOBAL MARKETS-Weak U.S. jobs data hits stocks, boosts bonds
ReutersLONDON, Sept 5 (Reuters) - European stocks extended lossesand Wall Street looked set for a negative start on Friday afterU.S. jobs data showed the labour market had deteriorated morethan expected.
Demand for government bonds rose. The dollar fell againstthe euro at first then rose.
The U.S. Labor Department said the U.S. unemployment rate shot up to 6.1 percent in August, its highest in more than 4-1/2years, and employers cut payrolls for an eighth straight monthwith 84,000 jobs lost.
Economists surveyed by Reuters had forecast a loss of 75,000jobs.
"This is more convincing evidence that the economy is stillin trouble and investors are seeking safer places to park theirmoney," said Gary Thayer, senior economist at WachoviaSecurities in St. Louis.
The FTSEurofirst 300 index was down 2 percent while a eurofetched $1.4248.
(Editing by Ruth Pitchford)