By Syndicated Content
By Shreyashi Sanyal
(Reuters) – U.S. stock index futures edged higher on Friday as signs of a fast recovering global economy boosted sentiment ahead of data that is expected to show the U.S. economy created nearly a million jobs in April.
The Labor Department’s closely watched employment report comes a day after an upbeat reading on weekly jobless claims, and will be the first to show the impact of the White House’s $1.9 trillion COVID-19 pandemic rescue package approved in March.
A Reuters poll of economists showed nonfarm payrolls likely increased by 978,000 jobs last month after rising by 916,000 in March.