U.S. stock-index futures Friday morning turned cautiously higher after a crucial reading on employment from the Labor Department showed that job creation in the U.S. was slowing but, perhaps, not by as much as was feared. The Dow Jones Industrial Average futures YMZ19, +0.04% DJIA, +0.47% climbed 33 points, or 0.1%, at 26,218, the S&P 500 index SPX, +0.80% ESZ19, +0.02% rose 0.1% to 2,915, while the Nasdaq-100 futures NQZ19, +0.12% COMP, +1.12% rose 0.2% at 7,672. The Friday labor report showed the slowest pace of jobs in four months, as businesses grew more cautious about hiring. Economists polled by MarketWatch had forecast a 150,000 increase. However, August and July reports were revised up by a combined 45,000. In a separate survey, the U.S. unemployment rate dropped to 3.5%, the lowest rate since December 1969. The number of unemployed people fell by 275,00 over the month. The resilience seen in the September job report may raise hopes that the economy can avoid a recession.
Dow futures turn higher after jobs report shows 136,000 jobs in Sept., unemployment falls to 3.5%
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