Stock market today: Dow, S&P 500, Nasdaq futures waver as jobs report beats estimates, unemployment rate rises

Labor Market Update - The November nonfarm payrolls report indicated that the US labor market added 64,000 jobs, exceeding expectations, while the unemployment rate increased to 4.6%, the highest since 2021 [2][3] - October's jobs data was revised to show a loss of 105,000 jobs, highlighting potential weaknesses in the labor market [2] Federal Reserve Implications - The jobs data is expected to influence the Federal Reserve's decision-making regarding interest rate policies, with traders anticipating two rate cuts in the upcoming year as the Fed focuses on labor market conditions rather than persistent inflation [3][4] Corporate Developments - Ford's shares experienced a rise in premarket trading following the announcement of a $19.5 billion charge related to a strategic shift away from electric vehicles [5] - Attention will also be directed towards Lennar's earnings report, which is scheduled for release after market close [5]