"There is nothing to be disappointed about, as this morning's jobs report came in right in line across every metric. We would have liked to have seen an upside surprise, but we didn't. We have slow and steady improvement in the economy, and slow and steady improvement in the earnings," said Art Hogan, chief market strategist at Wunderlich Securities.
"It's not enough of an upside surprise to increase volume in this market," Hogan added.
The yield on the 10-year Treasury note fell to 2.567 percent from 2.581 percent ahead of the jobs report.
Economists surveyed by Reuters had expected 218,000 jobs were created last month, down from April's 288,000 addition.
The unemployment rate was seen climbing one-tenth of a percentage point to 6.4 percent, up from April's more-than-five-year low.
Stocks worth watching on Friday include Bank of America, after media reports on Friday that it could pay more than $12 billion to settle probes by the Justice Department and a number of U.S. states.
No major companies are seen reporting quarterly results on Friday.
The Federal Reserve's consumer credit report for April is out during the day.
Wall Street closed at a record high on Thursday, with both the Dow and the S&P 500 advancing further into uncharted territory. This came after David Tepper of widely-followed hedge fund manager Appaloosa Management told CNBC that his chief market concerns had been "alleviated."