U.S. stock index futures are sinking ahead of the government’s September jobs report, which will likely show a U.S. labor market that remains weak.
Economists expect the report to show employers added only 56,000 net jobs in September, not nearly enough to keep up with population growth. They expect the unemployment to hold at 9.1 percent. It would be the fifth straight month of little or no job creation.
Employers slowed hiring as the economy softened, Europe’s debt crisis loomed and stock markets swung wildly.
Dow Jones industrial average futures are down 32 points, or 0.3 percent, at 11,014 at 7:39 a.m. Eastern time. Standard & Poor’s 500 index futures are down 4, or 0.3 percent, at 1,154. Nasdaq 100 futures are down 8, or 0.4 percent, at 2,197.