Wall Street set to open higher after monthly jobs report

The Labor Department's monthly jobs report showed nonfarm payrolls rose by 151,000 last month, while the unemployment rate remained unchanged at 4.9 percent. Rate hike probabilities for September and December had risen after last Friday's remarks by Fed Chair Janet Yellen that the case for raising rates had strengthened in recent months. "I don't think this is the kind of report that the Fed wanted to see ahead of a hike in September, the contours are just too squishy.