Futures are doing nothing ahead of the jobs report

US stock futures were almost flat on Friday ahead of the release of the May jobs report.

Near 7:44 a.m. ET, Dow futures were up 19 points (0.11%), while S&P 500 and Nasdaq futures were virtually unchanged.

Stocks closed at the highest level since November on Thursday with the Dow closing up 48 points and the S&P 500 finishing at 2,105.3.

Economists forecast that the US economy added 160,000 nonfarm payrolls in May, while the unemployment rate fell to 4.9% from 5%.

As markets sit tight for the next move from the Federal Reserve, this jobs report will be one of the key things they parse for clues on the next big policy step.

There are other data on deck aside from the jobs report. At 9:45 a.m. ET, Markit's final services PMI for May will be released, followed by ISM's non-manufacturing composite at 10 a.m. Factory orders will also cross at 10.

Treasuries were higher, with the yield on the 10-year note down one basis point to 1.796%. Gold gained an ounce, or 0.12% to $1,214.05.