Near 8:32 a.m. ET, Dow futures were down 170 points, S&P 500 futures were down 7 points, and Nasdaq futures were down 17 points.
On Thursday, the Dow and the S&P 500 had their weakest day in four weeks, following a selloff in global bond markets.
Treasuries sold off sharply. The yield on the benchmark 10-year note was up about 10 basis points at 2.4%.
In an interview on Bloomberg radio, Janus Capital's Bill Gross said the jobs report implies a "bear market for long term bonds."
Gold slipped to around $1,168 per ounce, falling by about $8. The dollar jumped more than 1%, with its index gaining to around 96.42.
The jobs report showed that wages rose faster than expected. Average hourly earnings climbed 0.3% month-over-month, and 2.3% year-over-year.