Stock Futures Recovering After Selloff as Markets Weigh Up Labor Data

The three major indexes all dropped on Thursday after Revlio Labs, a workforce intelligence firm, estimated that the U.S. lost 9,100 nonfarm jobs in October, raising concerns about the overall health of the U.S. economy. The first Friday of the month usually marks the Bureau of Labor Statistics’ monthly nonfarm payrolls report. “In a parallel universe, we would this morning be eagerly awaiting the U.S. payrolls report,” Deutsche Bank macro strategist Jim Reid said.

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