U.S. stock futures turned lower ahead of the opening bell after the government said only 113,000 jobs were created in January. The unemployment rate came in at 6.6%.
Economists surveyed by CNNMoney expected the U.S. economy to have added 178,000 jobs and the unemployment rate to remain unchanged at 6.7%.
Some economists had warned that a weak jobs report could be expected due to unusually cold weather in January.
U.S. stocks rallied Thursday, with the Dow Jones Industrial Average and S&P 500 logging their biggest gains of the year. Investors were encouraged after fewer-than-expected Americans filed for unemployment benefits last week.
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And once again the unemployment rate decreases.
David DeGerolamo
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