Along with Lack of Jobs, A Wage Problem

The economy needs more jobs for wages to increase in a meaningful way

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Despite slight improvement, the jobs report did little to lift stocks on Friday. On Thursday, concerns over a double-dip recession triggered a massive selloff of more than 500 points in the stock market. And since the Dow Jones Industrial Average has fallen in eight of the past nine days, eyes were glued to the Bureau of Labor Department's website Friday morning, when the jobs report was expected to be released.

But at go-live time, 8:30 a.m. EST, the site wouldn't load. "On the day that the world was looking for this report because of the turmoil on the markets, the Bureau of Labor Statistics can't get it out," O'Keefe says.

The website was up again an hour later.

Ben Baden contributed to this report.