After seeing some strength earlier this morning, the major U.S. stock index futures have pulled back sharply following the release of a Labor Department report showing U.S. employment surged by much more than expected in the month of September.
The Labor Department said non-farm payroll employment shot up by 336,000 jobs in September after jumping by an upwardly revised 227,000 jobs in August.
Economists had expected employment to increase by 170,000 jobs compared to the addition of 187,000 jobs originally reported for the previous month.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.