Futures erase gains after net slowdown in job growth in May By Reuters

(Reuters) – US stock index futures posted slight gains on Friday after data showed domestic job growth slowed sharply in May and wages rose less than expected, reinforcing concerns about the pace of economic growth.

US employers created 75,000 jobs in May, while economists polled by Reuters forecast an increase of 185,000 jobs, suggesting that the loss of buoyancy in economic activity was spreading into the labor market.

Monthly wage growth remained moderate, with average hourly earnings rising six cents, or 0.2%, following a similar rise in April.

At 8:36 am ET, down 4 points, or 0.02%. were up 1 point or 0.04% and up 6.25 points or 0.09%.

Just minutes before the release, the electronic minis earned 65 points, or 0.25%. The electronic minis gained 8 points, or 0.28%, and the electronic mini, 24.75 points, or 0.34%.