NEW YORK (AP) — Stock futures are trading in a tight range as investors avoid any big bets before the Labor Department’s monthly employment report.
High unemployment is often cited as the single most important component slowing an economic recovery.
The Labor Department is expected to say Thursday that 65,000 jobs were cut in July and the unemployment rate rose to 9.6 percent from 9.5 percent in June. Tho job cuts were mostly tied to laying off census workers. Private employers likely added 90,000 jobs last month.
Dow Jones industrial average futures are up 5, or 0.1 percent, at 10,640. Standard & Poor’s 500 index futures are up 1.00, or 0.1 percent, at 1,124.50, while Nasdaq 100 index futures are down 2.00, or 0.1 percent, at 1,899.00.
