U.S. stock index futures indicated a higher open Friday as investors digested a weaker-than-expected August jobs report.
The U.S. economy added 151,000 jobs last month, with the unemployment rate coming in at 4.9 percent.
Economists were forecasting 180,000 nonfarm jobs were created in August, and the unemployment rate was expected to fall to 4.8 percent according to Thomson Reuters. The report follows July's 255,000 jobs, and comes after two robust months of hiring removed concerns about an especially weak labor market in May.
Dow futures were up about 50 points following the report's release, while S&P and Nasdaq futures gained 6.75 points and 20 points, respectively. Futures on the three major indexes pointed to a slightly lower open about 10 minutes before the report's release.
Investors were closely eyeing the jobs report as they looked for more clues about when the Federal Reserve may raise rates. Market expectations for a rate hike in September were just 12 percent following the report.