Summary Box: Disappointing jobs report spurs Treasury buying, sends interest rates lower

Summary Box: Interest rates fall on weaker hiring

RATES DROP: Interest rates fell sharply in the bond market Friday after the Labor Department reported that hiring remains weak. That raised worries about the pace of the economic recovery and boosted demand for safer investments like Treasurys.

NOT HIRING ENOUGH: The Labor Department said private employers hired 41,000 people in May, down 80 percent from 218,000 in April. It was the lowest number since January.

STOCKS SUFFER: The Dow Jones industrial average plunged 323 points, its third biggest drop this year.