Stock futures are higher ahead of the jobs report

Stock futures are higher on Thursday morning as markets await the June jobs report.

Near 8:08 a.m. ET, Dow futures were up 22 points, S&P 500 futures were up 2 points, and Nasdaq futures were up 8 points.

On Thursday, stocks closed higher for a second straight session.

Economists estimate that the US economy added 233,000 jobs in June, down from 280,000 in May.

However, the more crucial component from this data will be wages. The Federal Reserve is waiting to observe whether the pace of wage growth is strong enough to warrant rate hikes this year.

Economists forecast that average hourly earnings gew 0.2% month-over-month, and 2.3% year-over-year.

Treasuries are lower, with the yield on the benchmark 10-year note up about four basis points at 2.46%.

Gold is off by about $10 an ounce, near $1,158.90. The dollar index is slightly lower at around 96.30.

At the bottom of the hour, weekly data on initial jobless claims will also cross. Data on factory orders is due at 10:00 a.m., and the weekly count of oil and gas rigs is due at 1:00 p.m.

After a 4% drop on Thursday, West Texas Intermediate crude oil is slightly lower, at around $57 per barrel.

Markets will focus on the jobs report this morning. But the big story of the moment continues to be Greece. The latest is that finance minister Yanis Varoufakis has said he will quit if citizens vote "No" in the referendum vote on creditors' reform proposals Sunday.