Fillings and Toppings Market worth $15.9 billion by 2027 – Exclusive Report by MarketsandMarkets™

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Reuters

US STOCKS-Futures steady ahead of monthly jobs data

U.S. stock index futures were steady on Friday ahead of data expected to show the pace of job growth slowed in July, but stayed strong enough to keep the Federal Reserve on its policy tightening path. The Labor Department’s employment report, due at 08:30 a.m. ET, is likely to show nonfarm payrolls rose by 250,000 jobs last month after rising by 372,000 in June, and that the unemployment rate remained unchanged at 3.6% for a fifth straight month. While the 19th straight month of payrolls expansion would add to a recent batch of data suggesting the U.S. economy was not in a recession, the cooling in job growth would ease pressure on the Fed to deliver another super-sized interest rate hike to tame runaway inflation.