Last week was a busy one for economic news, what with a looming tariff war and a job report that is nothing to write home about.

As I wrote earlier, the world's economy was shakey last week, and the tariff war between the US and China has sent shock waves through the US market.  To refresh, here's a list of all the products that will be affected should this come to fruition. (And there's every indication that this is just the beginning.)

The March Jobs Report is in.

The Bureau of Labor and Statistics released the March Jobs Report on Friday with the economy adding 103,00 new jobs, which was well under the anticipated estimate of 170,000 new jobs added. The unemployment rate remained at a 17 year low of 4.1%.

However, it's important to note that 311,000 full-time jobs were lost in March and 310,000 part-time jobs were added. So, many former full-time workers appear to now be part-time workers. Not good.

Let's recap what happened on Friday in the market.

Confusion continued Friday after Trump issued a request for even more tariffs in the amount of $100 Billion on Chinese products after Thursday's closing bell.  This is in addition to the $50 Billion proposed earlier in the week.

The market responded by pulling back with the Dow lower at -572.46 or -2.34%.  The NASDAQ followed closing lower at -161.44 and -2.18%.  S&P 500 stayed in step by also closing lower -58.37 and -2.19%.   Dow Industrials components Caterpiller, Intel and Boeing all closed more than 3% down.

MarketWatch's Mark DeCambre reported:

How long has the market been in the doldrums since scoring its most recent record? The S&P 500 index has gone about 48 trading days—not including Friday—without notching a new high.

That lack of fresh highs is notable, not just because the S&P 500 SPX, -2.19%  and the Dow Jones Industrial Average DJIA, -2.34% are coming off an uncanny period of dormant volatility VIX, +13.46% and repeated all-time highs, but also because this fallow period for stocks is the third longest such span since 2013, according to Bespoke Investment Group in a Thursday note. The research and data group note that it is already the longest in about 5 years (see chart below)

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The Dow and S&P 500 entered a correction phase back on Feb. 8, defined as a drop of at least 10% from a most recent peak set on Jan. 26.