Stocks down after jobs report

Still very early in the session, but this does appear to be a case of Wall Street following the news - in this case, disappointing May employment news. The economy gained 431,000 jobs last month, with all but 41,000 of those coming from the federal government (mostly temporary Census positions). That raises concerns that the private sector is getting skittish again about the economy. It might just be a one-month pause (don't read a lot into a single month of data), though there have been other signs recently of a cool down. Dow is down 160 or so points.