U.S. stock index futures are rising after the government said companies hired more workers in September and previous months were better than original reports suggested.
The Labor Department said employers added 103,000 jobs, while the unemployment rate held at 9.1 percent for the third straight month. About half of the jobs were for Verizon workers returning to work after a strike.
Traders watch the employment report closely because it provides the first significant snapshot of the previous month’s performance and provides clues to the broader economic outlook.
Dow Jones industrial average futures are up 97, or 0.9 percent, at 11,143 at 8:36 a.m. Eastern time. Standard & Poor’s 500 index futures are up 12, or 1.1 percent, at 1,170. Nasdaq 100 futures are up 16, or 0.7 percent, at 2,221.