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Futures fall as monthly jobs growth slows sharply

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Reuters

(Adds dropped word ‘pandemic’ in paragraph 1) By Shashank Nayar (Reuters) – Wall Street futures fell on Friday as a sharp slowdown in jobs growth last month gave the strongest signal yet that a post-pandemic economic rebound was losing steam, while banking stocks tracked a jump in bond yields. The Labor Department’s closely watched report showed nonfarm payrolls increased by 235,000 jobs in August, widely missing economists’ estimate of 750,000. Payrolls had surged 1.05 million in July. Economically sensitive industrials Caterpillar Inc, 3M Co and Boeing Co slipped as much as 0.4%, while banks…

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