Positive

From Nasdaq: 2024-10-04 10:22:00

Pre-market futures show gains after the BLS reports +254K new jobs filled in September, beating estimates of +132-150K. Unemployment drops to +4.1%, the lowest since June, with revisions to previous months also increased. Wages and labor force participation remain steady, indicating a healthy labor market.

A dockworker strike has been postponed to January, with union workers securing a +61.5% wage increase over six years. Negotiations for automation on docks to resume after the holiday shopping season. Jobs Week sees success with +254K new jobs and +4.1% unemployment reported, along with other positive labor market indicators.

Research experts highlight a financial stock with the potential to double in value. The company has a fast-growing customer base and innovative solutions. Previous stock picks have exceeded expectations, making this top pick from Zacks Research a promising choice for investors looking for significant gains in the upcoming months.



Read more at Nasdaq: Goldilocks September Jobs Numbers: +254K, +4.1% Unemployment