Futures jump as job growth picks up pace in June By Reuters

Futures jump as job growth picks up pace in June

© Reuters. The spread of the coronavirus disease (COVID-19) in New York

(Reuters) – U.S. stocks futures extended gains sharply on Thursday as data showed the U.S. economy added jobs at a record pace in June, the latest signal of a rebound in business activity following the easing of the coronavirus-led lockdowns.

Nonfarm payrolls increased by 4.8 million jobs in June, the Labor Department’s closely watched monthly employment showed, the most since the government started keeping records in 1939. [L1N2E82LC]

At 8:33 a.m. ET, were up 394 points, or 1.54%, S&P 500 e-minis were up 38.25 points, or 1.23% and were up 101 points, or 0.98%.

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