US STOCKS-Weak jobs data sink Wall St; crude oil slumps
* June payrolls data worse than expected
* Commodities ease as U.S. dollar rises
* Factory orders increase, but equity investors unmoved
* Indexes off: S&P 500 2.3 pct, Dow 2, Nasdaq 2.6
* For up-to-the-minute market news click [STXNEWS/US]
(Updates to mid-morning)
By Edward Krudy
NEW YORK, July 2 (Reuters) - U.S. stocks fell sharply on Thursday after payrolls data showed more Americans than expected lost their jobs in June, dimming hopes of a quick economic recovery.
U.S. employers cut 467,000 jobs in June, far more than the 363,000 forecast by a Reuters survey, while the unemployment rate rose to 9.5 percent, the government said on Thursday in a report that showed a labor market continuing to struggle. [ID:nN01210643] Continued...
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