Stocks are set to open lower on disappointing jobs data Thursday. Forty-five minutes before the opening bell on Wall Street, stock index futures indicate that the Dow Jones Industrial Average might suffer a triple digit loss in early trading.

The US economy lost 467,000 jobs during the month of June, according to data released from the Labor Department Thursday morning. The loss follows a decline of 322,000 the month before (revised from -345K) and was significantly worse than the 367,000 economists had predicted.

Meanwhile, the unemployment rate edged up to 9.5 percent from 9.4 percent and hourly earnings were unchanged. Economists were looking for a 9.6 percent unemployment rate and a .1 percent increase in hourly earnings.

Stock index futures fell on the news. Bonds are higher. The benchmark ten-year Treasury is up 10/32nd and yields 3.5 percent.

The dollar is mixed. Against the yen, the buck slipped .36 to 96.21. The euro lost .0097 to 1.4053 against the greenback.

Attention turns to a report on Factory Orders at 10:00 a.m. The report, generally not a market mover, is expected to show a .9 percent increase in May, which follows a .7 percent increase the month before.

Among the stocks to watch, Continental (CAL) and Delta (DAL) are higher after Morgan Stanley upgraded the two airlines to Overweight. Elan (ELN) rallied 27 percent after J&J announced an agreement for Alzheimer’s immunotherapy program and an equity investment. NRG is up after EXC increased its offer to buy the company by 12.4 percent.

Finally, metals, mining and energy stocks are likely to slip after crude oil fell $1.50 to $67.81 a barrel and gold sank $12.40 to $906.80 an ounce.