UPDATE 5-Oil falls more than $2 on U.S. jobless data

* Risk markets fall after unemployment data

* U.S. crude down 1.32 percent

* U.S. jobless at 10.2 percent in October

(Updates prices)

By Chris Baldwin

LONDON, Nov 6 (Reuters) - Oil prices fell by more than $2 on Friday, retracing some gains after larger-than-expected October U.S. unemployment numbers emerged to shake financial markets.

U.S. crude for December delivery was down $2.09 to $77.53 a barrel by 1530 GMT, after earlier dropping to as low as $77.30.

London Brent crude LCOc1 fell $2.06 to $75.96.