At the end of the last week, the Australian share market has come down with a sharp collapse on Wall Street, to finish at almost 3% lower. The Dow Jones industrial average dropping down to a 3.2% slide has driven this fall majorly than expected employment figures.

Since many of the jobs were seen to be of short-term, the employment numbers actually broke down to worse. This led to a drop in US unemployment by 0.2% points to 9.7%.

Bell Direct Equities Analyst, Julia Lee says, "We saw some terrible numbers out of the US in terms of the non-farm payroll numbers, or the job numbers, for May. The market was expecting to see a number above half-a-million jobs being added in May, instead we only saw 435,000, and 412,000 [of that] was due to census jobs that the Government had temporarily hired workers for".

Where, All Ordinaries index dropped to 2.7% to close at 4,351, there, the ASX 200 lost 123 points to close at 4,326. With sheer drop downs among all sectors, there were only seven Companies out of 200, which finished higher. These dropped sectors included those of mining, energy, industrial and the financial sector, all experiencing a fall of 3%.