The nonfarm payrolls data due from the Labor Department will dominate U.S. markets trading Friday.
Economists cut their jobs estimates this week after Automatic Data Processing Inc. reported that only 38,000 private-sector jobs were created in May, far below expectations of 175,000 jobs.
Goldman Sachs economists cut their forecast for Friday’s report to show 100,000 nonfarm jobs added in May, down from 150,000 previously.
Ahead of the report, U.S. stock futures are trading lower. Read Indications for more U.S. market action.
There will be other news for investors to focus on, most notably Wal-Mart’s annual shareholder meeting in Bentonville, Ark.
The retail giant recently won clearance for a big acquisition in South Africa.
That’s good news for the company which has struggled to grow its domestic business in recent years.
Also on tap Friday, Walgreen Co. is set to report May sales, while 3M and Wells Fargo are slated to present at the Sanford C. Bernstein conference in New York.
