Stock futures were lower early Friday morning as investors focus their attention on key employment data due out later in the day.

Futures for the Dow Jones Industrials slumped 151 points, or 0.5%, Friday to 33,072.

Futures for the S&P 500 dipped 29 points, or 0.7%, to 4,146.25.

Futures for the NASDAQ Composite index slid 144 points, or 1.1%, to 12,748.75.

Tesla shares fell 4% in the premarket after Reuters reported, citing an internal email, that CEO Elon Musk wants to cut 10% of jobs at the car maker. According to Reuters’ report, Musk also said in the email that he has a “super bad” feeling about the economy.

Traders are looking ahead to the May jobs report due out at 8:30 a.m. ET. Though the pace of job growth is expected to have slowed for the month of May, economists say the labour market remains strong, even as parts of the economy have weakened.

Economists see 328,000 jobs added in May, down 100,000 from April, according to a Dow Jones survey. Consensus estimates call for wages to rise by 0.4%, a faster pace than April’s 0.3% increase.

In addition to the nonfarm payrolls, traders will be watching new purchasing managers’ index data from Markit and the Institute for Supply Management, due out later in the morning.

In Japan, the Nikkei 225 vaulted 1.3% Friday. In Hong Kong, markets were closed for holiday.

Oil prices skidded 32 cents to $116.55 U.S. a barrel.

Gold prices removed $3.40 to $1,868 U.S. an ounce.