Market swiftly moved south on the day as hiring slowed for the month of April, despite the dip in unemployment. What many realized was that the drop to 8.1% was not necessarily because of new hires, but because an increasing number of people have exited the labor force, as finding a job has been too difficult a task for many. All in all, the Dow shaved off about 170 points while the S&P 500 lost 1.6%, making today one of the worst trading sessions of 2012. Likewise, the Nasdaq took a big hit as it shrank by nearly 2.3% [see also 5 Simple ETF Trading Tips]. While equities struggled to get going, some commodities had an even tougher time. Both crude oil and natural gas experienced harsh sell-offs after the bad hiring data. Today witness crude’s first close below $100 in recent memory as the commodity dipped 3.9% for the [...] Click here to read the original article on ETFdb.com. Related Posts: UBS Unveils Natural Gas, Oil “Contango ETNs” May ETF Stats: Hot Streak Continues This Week in ETFs: May 14th Edition Daily ETF Roundup: UNG Pops, VXX Drops ETF Insider: Opportunities In A Pullback