US futures rebound on healthy jobs report

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Associated Press

Posted on December 7, 2012 at 9:01 AM

Updated Friday, Dec 7 at 9:06 AM

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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