The recovery by the futures came following the release of a report from the
The report said non-farm payroll employment increased by 209,000 jobs in July after jumping by an upwardly revised 298,000 in June.
Economists had been expecting employment to climb by about 233,000 jobs compared to the increase of 288,000 jobs originally reported for the previous month.
Despite the continued job growth, the unemployment rate unexpectedly edged up to 6.2% in July from a nearly six-year low of 6.1% in June.
With the report also showing only a modest uptick in average hourly earnings, the data eased some of the recent concerns about the outlook for interest rates.
A separate report released by the
Not long after the open, traders will be presented with another batch of economic data, including reports on consumer sentiment, manufacturing activity, and construction spending.
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