Futures pare losses after August payrolls data

(Reuters) – U.S. stock index futures pared losses after data showed that the rate of unemployment in the economy fell in August, while job additions were less than expected.

A Labor Department report showed nonfarm payrolls rose by 142,000 in August, compared with estimates of 160,000, as per economists polled by Reuters.

The unemployment rate stood at 4.2%, in line with expectations. It stood at 4.3% a month earlier.

At 08:34 a.m., Dow E-minis were down 103 points, or 0.25%, Nasdaq 100 E-minis were down 119.75 points, or 0.63%, and S&P 500 E-minis were down 18.25 points, or 0.33%.