Before the Bell | U.S. unemployment rate expected to fall to 3.5% in April

Moomoo Breakfast US wrote a column · May 6, 2022 06:23

Hey, mooers! Here are things you need to know before the opening bell:

Market Snapshot

Stock futures were lower in early morning trading Friday after the Dow Jones Industrial Average posted its worst day since 2020.

Futures on the $Dow Jones Industrial Average(.DJI.US)$ fell 0.39%, while $S&P 500 Index(.SPX.US)$ futures dropped 0.54% and $Nasdaq Composite Index(.IXIC.US)$ futures were down 0.70%.

Before the Bell | U.S. unemployment rate expected to fall to 3.5% in April

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The U.S. unemployment rate likely dropped to its pre-pandemic low of 3.5% in April, while job growth moderated to a still brisk pace amid widespread worker shortages, underscoring the challenge the Federal Reserve faces to curb high inflation.

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