(NEW YORK) -- The good news is, employers are hiring, but why did the week close with a drop in the market?
The Dow Jones Industrial Average dropped 272.38 to finish the session at 16102.38.
The Nasdaq fell 49.58, ending at 4683.92, while the S&P 500 lost 29.91 to close at 1921.22.
A report out from the Labor Department on Friday revealed 220,000 jobs were created last month, but it's not as much as economists had predicted. However, unemployment nationally has hit a seven-year low after falling to 5.1 percent.
Experts say the reason for the drop in the markets on Friday was because of worries over the potential interest rate hike. The Federal Reserve is still toying with the idea and we may have an answer after the Fed's mid-September meetings.
If the Fed decides on an interest rate hike, it would be the first interest rate increase in nearly a decade.
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