U.S. Futures Tick Lower Ahead of Nonfarm Data
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U.S. stock futures are lower in early trading ahead of nonfarm payroll numbers, which are expected out before markets open Friday.
Economists have been ratcheting down expectations over the last few weeks, with overall estimates averaging out to addition of 190,000 jobs. The compares with 246,000 additions reported for February.
Earlier in the week, ADP data showed the addition of just 158,000 private payrolls, below expectations calling for the addition of 200,000 payrolls.
Unemployment is expected to remain flat at 7.7 percent, as are hourly earnings at 0.2 percent, and the average workweek at 34.5 hours.
Futures might rise following jobs numbers; a good read would indicate expansion in the economy, but a miss could lead to further "accommodative measures" from the Fed, bolstering growth.
Nonfarm data is expected out at 8:30am EDT today.
Economists have been ratcheting down expectations over the last few weeks, with overall estimates averaging out to addition of 190,000 jobs. The compares with 246,000 additions reported for February.
Earlier in the week, ADP data showed the addition of just 158,000 private payrolls, below expectations calling for the addition of 200,000 payrolls.
Unemployment is expected to remain flat at 7.7 percent, as are hourly earnings at 0.2 percent, and the average workweek at 34.5 hours.
Futures might rise following jobs numbers; a good read would indicate expansion in the economy, but a miss could lead to further "accommodative measures" from the Fed, bolstering growth.
Nonfarm data is expected out at 8:30am EDT today.
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