U.S. Stock Futures Moderate Decline as Unemployment Rate Improves

U.S. stock index futures trimmed their losses following a report that August unemployment rates fell, despite job additions being lower than expected. The Labor Department disclosed a rise in nonfarm payrolls by 142,000 compared to an anticipated 160,000. The unemployment rate matched forecasts at 4.2%, down from 4.3% in the previous month.

U.S. stock index futures trimmed their losses after data revealed a drop in the unemployment rate for August, despite job additions falling short of expectations.

The Labor Department reported a 142,000 increase in nonfarm payrolls, below the 160,000 estimated by economists surveyed by Reuters. The unemployment rate stood at 4.2%, aligning with forecasts and down from 4.3% the previous month.

As of 08:34 a.m., Dow E-minis had decreased by 103 points, or 0.25%, Nasdaq 100 E-minis were down by 119.75 points, or 0.63%, and S&P 500 E-minis fell by 18.25 points, or 0.33%.

(With inputs from agencies.)