U.S. markets appeared to stabilize Monday after taking a nosedive following last week's bad economic reports.
However, more negative news and economic uncertainty in Europe pose additional challenges to the world's largest economy.
Dreary Outlook
The most recent reports on the job market now has many analysts pessimistic about the U.S economic outlook for the rest of the year.
"Friday's numbers were very far from where we want them to be, where the president wants them to be," White House press secretary Jay Carney told reporters Monday.