Futures rebound ahead of jobs numbers

Thursday, June 6th, 2013 | Finance News

NEW YORK (AP) — U.S. futures are rising ahead of a weekly jobs report that could determine whether the Dow index has its first three-day losing streak of the year.

Economists expect fewer people sought unemployment benefits last week.

Dow Jones industrial futures are up 48 points to 15,007. S&P futures have added 5.8 points to 1,613.80. Nasdaq futures are up 6.5 points to 2,945.

It's been all about jobs this week. Payroll provider ADP said Wednesday that U.S. businesses added just 135,000 jobs in May, a rather weak number. On the other hand, consultants Challenger, Gray & Christmas said Thursday that job cuts fell 4.5 percent in April.

Yet trading has been light all week ahead of the big jobs report for May that will be released Friday by the Labor Department.