Job Seekers ?Encouraged? By Obama Jobs Plan While Stocks Fall Over 300 Over Worried About Europe

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Job seekers at a Miami unemployment office say they’re encouraged President Barack Obama’s jobs plan will encourage employers to hire, something they say is desperately needed.

While the stock market doesn’t seem so encouraged …

The problems that weighed down stocks all summer show no sign of letting up. Stocks closed sharply lower Friday, erasing the week’s gains.

Standard & Poor’s Sam Stovall: “There is a worry circulating that Greece might default. The second worry is that Obama’s speech last night, while it sounded good, left a lot to be desired, and as a result investors are concerned that its not really going to provide the shot in the arm that people were hoping for.”

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