Stock futures are surging after the government said the nation’s jobless rate dropped to 10 percent in November.
The Labor Department says the economy shed 11,000 jobs last month, an improvement from October’s revised total of 111,000. That’s also much better than the 130,000 job losses that Wall Street economists expected.
But many analysts still expect the jobless rate to keep climbing into next year.
Dow Jones industrial average futures are up 114, or 1.1 percent, to 10,466. Standard & Poor’s 500 index futures are up 14.00, or 1.3 percent, at 1,112.00, while Nasdaq 100 index futures are up 21.50, or 1.2 percent, at 1,801.75.
