Futures rise after weaker than expected October Jobs report -
briefing -
The S&P 500 futures are up 18 points and are trading 0.2% above fair value. The Nasdaq 100 futures are up 59 points and are trading 0.2% above fair value. The Dow Jones Industrial Average futures are up 109 point and are trading roughly in line with fair value.
Nonfarm payrolls rose 150,000 in October (Briefing.com consensus 175,000) following a revised increase of 297,000 in September (from 336,000). Nonfarm private payrolls rose 99,000 in October (Briefing.com consensus 143,000) following a revised increase of 246,000 in September (from 263,000).
Average hourly earnings rose 0.2% in October (Briefing.com consensus 0.3%) following a revised 0.3% increase in September (from 0.2%).
The unemployment rate rose to 3.9% in October (Briefing.com consensus 3.8%) from 3.8%.
The average workweek fell to 34.3 (Briefing.com consensus 34.3) from 34.4.
