US STOCKS-Wall St futures extend gains after strong jobs data
* Nonfarm payrolls up by 223,000, just below the 224,000 expected
* Unemployment rate falls to lowest since May 2008
* Futures up: Dow 0.7 pct, S&P 0.7 pct, Nasdaq 0.8 pct (Adds details, updates prices)
By Tanya Agrawal
May 8 (Reuters) - Wall Street futures extended their gains on Friday after data showed U.S. job growth rebounded last month and the unemployment rate dropped, signs of a pick-up in the economy that could keep the Federal Reserve on track to hike interest rates this year.
Nonfarm payrolls increased by 223,000 in April, just below the 224,000 that economists polled by Reuters had expected.
The one-tenth of a percentage point decline in the unemployment rate to 5.4 percent, its lowest level since May 2008, came even as more people piled into the labor market.
March payrolls were revised to show only 85,000 jobs created, the smallest since June 2012.
Still, the solid report suggested underlying strength in the economy at the start of the second quarter after growth hit a soft patch at the start of the year. Continuación...