Futures rise as unemployment rate ticks up
July 5 (Reuters) -U.S. stock index futures rose on Friday after the unemployment rate increased, raising hopes for forthcoming policy easing from the Federal Reserve.
The unemployment rate came in at 4.1%, where it was expected to remain unchanged at 4%. Average hourly earnings rose 0.3% on a monthly basis, in line with forecasts.
The Labor Department's report showed non-farm payrolls rose by 206,000 jobs in June, where economists polled by Reuters forecast an increase of 190,000.
At 8:33 a.m. ET, Dow e-minis 1YMcv1 were up 44 points, or 0.11%, S&P 500 e-minis EScv1 were up 7.75 points, or 0.14%, and Nasdaq 100 e-minis NQcv1 were up 58.25 points, or 0.29%.
Reporting by Lisa Mattackal in Bengaluru; Editing by Shounak Dasgupta
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