US STOCKS-Indexes set for lower open after strong jobs data
* Nonfarm payrolls sharply increase in Oct
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* Futures down: Dow 36 pts, S&P 5.75 pts, Nasdaq 9.5 pts (Adds details, updates prices)
By Abhiram Nandakumar
Nov 6 (Reuters) - U.S. stock indexes were set to open lower on Friday after data showed job growth surged in October, pointing to a stronger labor market and boosting prospects that the Federal Reserve will raise interest rates next month.
The Labor Department report showed nonfarm payrolls increased by 271,000 in October, beating the 180,000 expected. September's figures were revised lower to 137,000 from 142,000.
The unemployment rate fell to 5.0 percent, the lowest since April 2008, from 5.1 percent in September. The jobless rate is now at a level many Fed officials view as consistent with full employment.
"This is without question the sort of report that will continue to keep the hike conversation for December alive and well," said Tom Porcelli, Chief U.S. Economist at RBC Capital Markets in New York. Continuación...