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Stock Futures Rise Sharply After Jobs Report

Friday, 03 Sep 2010 09:00 AM

Stock futures are rising after a better-than-expected report on the job market lifted hopes about the pace of economic growth.

The Labor Department says private employers added 67,000 jobs in August, better than the 41,000 economists had expected. Overall, 54,000 jobs were shed during the month, due primarily to layoffs of temporary workers conducting the census.

Hourly earnings also rose more than expected, climbing 0.3 percent. Economists were expecting earnings to rise just 0.1 percent.

The unemployment rate inched up to 9.6 percent, in line with forecasts.

Dow Jones industrial average futures are up 80, or 0.8 percent, at 10,389. S&P 500 futures are up 9, or 0.8 percent, at 1,099, while Nasdaq 100 futures are up 17, or 0.9 percent, at 1,855.

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Stock futures are rising after a better-than-expected report on the job market lifted hopes about the pace of economic growth.The Labor Department says private employers added 67,000 jobs in August, better than the 41,000 economists had expected. Overall, 54,000 jobs were...
US,Wall,Street
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2010-00-03
Friday, 03 Sep 2010 09:00 AM
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