Futures move higher ahead of August jobs report ...Middle East

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Futures move higher ahead of August jobs report
source : Bloomberg News Today ( Middle East ) () 13
(Reuters) – U.S. stock index futures were higher on Friday ahead of a reading that could show job growth likely slowed in August, wrapping up a data-packed week for any fresh clues on the Federal Reserve’s monetary policy trajectory. The Labor Department’s closely watched nonfarm payrolls report for August is due at 8:30 a.m. ET. The unemployment rate is forecast to remain unchanged at 3.5%, while non-farm payrolls is seen at 170,000 additions last month, down from 187,000 in July. “There have been indicators that the U.S. jobs market is finally starting to lose some of its tightness, and if the NFP print confirms this trend, it will be one less thing for the FOMC to worry,” said Tim Wate

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