Stocks Skid on Payrolls Data PETER A. MCKAY GEOFFREY ROGOW A weak jobs report roiled financial markets on Thursday as traders' already sagging hopes for a second-half global economic rebound ebbed a little more. The holiday-shortened week's most eagerly anticipated report on the economy was a stark letdown. Payrolls contracted by 467,000 jobs last month, a worse-than-expected decline, and the unemployment rate climbed to 9.5%, its highest level in more than 25 years.