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US Stock Futures Advance as July Payrolls Fall 23,000; Fed Rate Path in Focus
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News EditorU.S. equity-index futures climbed on Friday after July nonfarm payrolls fell by 23,000 and prior months were revised lower. Dow futures rose 0.34%, S&P 500 futures gained 0.51%, and Nasdaq 100 futures advanced 1.04%, according to MSX.COM. Unemployment slipped to 4.1% as labor-force participation declined, a mix that may lead the Federal Reserve to delay rate hikes while weighing inflation against employment risks.
Friday's trading opened with equity-index futures pointing higher, with MSX.COM data putting Dow futures up 0.34%, S&P 500 futures up 0.51%, and Nasdaq 100 futures up 1.04%.
The move followed a subdued jobs report from the Bureau of Labor Statistics. July nonfarm payrolls slipped by 23,000, and the previous two months' readings were revised down sharply. Unemployment eased to 4.1%, while labor-force participation kept sliding.
The figures could lead the Federal Reserve to hold off on rate hikes, as officials balance inflation pressures against risks to employment.
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