US stock futures dropped on Thursday as investors braced for data expected to indicate perseveringly high levels of weekly unemployment claims, adding to concerns over an economic bounce a day after the Federal Reserve expressed a discouraging stimulus plan.

The Labor Department’s weekly report, due at 8:30 am ET, is estimated to display roughly 850,000 Americans filed for jobless benefits in the week ended September 12, a touch lower than 884,000 in the previous week, but still implying the labor market’s recovery from the coronavirus pandemic was slowing down.

In a news conference on Wednesday, Fed Chair Jerome Powell also showed a long way towards “maximum employment” and stated that the central bank was limited to its ability to address some of the gaps around growth in wage and workforce participation.