Stocks are set to open lower on disappointing jobs data Friday. Forty-five minutes before the opening bell on Wall Street, stock index futures hint at a possible 50 or 60 point loss for the Dow Jones Industrial Average.

The US economy lost 190,000 jobs during the month of October, according to the latest stats from the Labor Department. Stock index futures were higher ahead of the news, but then fell because economists were expecting a smaller 175,000 drop.

In addition, the nation’s unemployment rate unexpectedly jumped. The percent of unemployed rose to 10.2 percent and its highest since 1983. Economists were expecting the unemployment rate to hold steady at 9.8 percent.

It wasn’t a complete disaster, however. September numbers were revised up to show a loss of 219,000, better than the -263,000 initially reported. August numbers were revised higher as well. Meanwhile, average hourly earnings rose .3 percent in October, which was better than the .1 percent economist had expected.

Nevertheless, the poor headline number and the jump in the unemployment rate sent stock index futures lower. Bonds are up. The benchmark ten-year Treasury gained 18/32nd and now yields 3.48 percent.

The dollar is mixed. The buck fell .61 to 90.17 against the yen. The euro lost .0029 to 1.4837 on the dollar.

A report on wholesale inventories is due out at 10:00 and consumer credit for September is released this afternoon.

Crude oil lost $2 to $77.62. Gold gave back early gains and is flat.

Among the stocks to watch, Starbuck’s (SBUX) is up 4 percent after reporting quarterly earnings of 24 cents per share, which beat Street estimates by 3 cents. NVidia (NVDA) gained 6 percent after posting 19 cents per share, which topped analyst estimates by 9 cents. GE is up on upgrades from Oppenheimer and Bernstein. AIG lost 9 percent after reporting better-than-expected third quarter earnings, but then warning of charges during the fourth.