(Removes wrong reference to dollar's highest level in paragraph 9)
By Dominic Lau
LONDON (Reuters) - The U.S. shed far more jobs than expected in December, signaling a bumpy economic recovery and sending the dollar and raw material prices lower.
Safe-haven government bonds, which had been weighed down by hopes of recovery, rose however, along with gold prices.
Stocks were mixed, with the U.S. stock index futures down 0.1-0.4 percent and the pan-European FTSEurofirst 300 <.FTEU3> paring earlier gains.
Global stocks measured in the MSCI All-Country World Index <.MIWD00000PUS>, however, rose 0.4 percent, hitting a fresh 15-month high.
"The data shows that while the U.S. economy is improving, the road to recovery is still going to be bumpy, and this has wide implications for the global economy and presents challenges for the consumer," said Henk Potts, analyst at Barclays Wealth.
U.S. employers unexpectedly cut 85,000 jobs in December, cooling optimism on the labor market's recovery and keeping pressure on President Barack Obama.
The unemployment rate was unchanged at 10 percent in December. Analysts polled by Reuters had expected nonfarm payrolls to be unchanged last month and the unemployment rate to edge up to 10.1 percent.
Obama will make a statement on the economy at 1940 GMT (2:40 p.m. EST).
The dollar <.DXY> fell 0.6 percent against a basket of major currencies and was 0.9 percent lower against the yen at 92.46. The euro was 0.5 percent higher versus the U.S. currency at $1.4389.
Gold prices, deemed as a safe asset, rose 0.5 percent to $1,137.20 an ounce.
Yields on benchmark 10-year U.S. Treasuries were down 3 basis points at 3.796 percent, while those on 10-year Bunds were down 3 basis points at 3.341 percent.
