Stock futures soared higher on Friday morning after new data showed that US job growth slowed considerably last month.
The US added just 175,000 new jobs in April, according to Bureau of Labor Statistics data released Friday.
That's far below economists expectations for 235,000 jobs and the 315,000 jobs added in March.
A still-robust job market means the central bank could continue to keep rates elevated without fear of sending the economy into a recession.
If the labor market weakens, the Fed is more likely to consider a rate cut.
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