US futures rebound on healthy jobs report

US futures shed losses after government reports drop in unemployment rate and added jobs

Associated Press
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FILE - In this Thursday, Dec. 6, 2012, file photo, specialist Michael O'mara, left, and trader Robert Moran work on the floor of the New York Stock Exchange, in New York. Stock markets were in a holding pattern ahead of a U.S. jobs report later Friday Dec. 7, 2012 that is expected to reflect a downturn in hiring following a massive storm but could also show that the American economy is otherwise bouncing back. (AP Photo/Richard Drew, File)

NEW YORK (AP) -- U.S. stock futures rose on a surprisingly strong jobs report Friday that showed the unemployment rate dropping and the nation adding 146,000 jobs in November.

Dow Jones industrial futures rose 64 points to 13,127. The broader S&P futures tacked on 5.2 points to 1,418.60. Nasdaq futures gained 12 points to 2,666.

The futures indicators had been lower before the report.

The unemployment rate fell to 7.7 percent from 7.9 percent, the lowest level since December 2008, when the recession took a nasty downward turn.

However, the Labor Department revised previously released numbers, saying that employers added 49,000 fewer jobs in October and September than initially estimated.

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