Futures move higher after November payrolls data

() – U.S. stock index futures moved higher on Friday after a stronger-than-expected November payrolls data, with investors expecting the Federal Reserve will remain on track to cut interest rates this month.

A U.S. Labor Department report showed nonfarm payrolls rose 227,000 in November, compared with estimates of a rise of 200,000, according to economists polled by . The figures for October were revised higher to 36,000 from 12,000.

The unemployment rate stood at 4.2% in November, in-line with a forecast of 4.2%.

At 08:33 a.m., Dow E-minis were up 42 points, or 0.09%, E-minis were up 7.75 points, or 0.13% and E-minis were up 45 points, or 0.21%.