May 3 (Reuters) - U.S. stock index futures extended

gains on Friday as fresh evidence of easing labor market

conditions boosted hopes that the Federal Reserve could cut

interest rates sometime this year.

A Labor Department report showed nonfarm payrolls increased

by 175,000 jobs in April, compared with expectations for an

increase of 243,000, according to economists polled by Reuters.

The unemployment rate stood at 3.9% compared with

expectations that it would remain steady at 3.8%, while average

earnings rose 0.2% on a monthly basis against forecasts of 0.3%

growth.

At 08:30 a.m., Dow E-minis were up 520 points, or

1.35%, S&P 500 E-minis were up 55 points, or 1.08%, and

Nasdaq 100 E-minis were up 249.5 points, or 1.41%.