Futures tied to major U.S. equity averages held steady in overnight trading on Thursday as investors awaited a key monthly jobs report.
It’s widely expected that the labor market’s rebound has slowed down amid a spike in coronavirus cases across the U.S. Economists predicted that the economy gained 1.48 million jobs in July, down sharply from the 4.8 million in June, according to Dow Jones. The jobless rate is expected to dip to 10.6% in July from 11.1%.
The jobs report is due at 8:30 a.m ET Friday.
“Tomorrow’s employment report should provide a little more clarity on…