Earnings, September jobs report: What to watch this week
The first week of October is off to a busy start. Yahoo Finance’s Josh Schafer takes a dive into what investors should look out for, including earnings from Levi Strauss & Co. (LEVI) and cannabis company Tilray Brands (TLRY), as well as the September jobs report expected out on Friday.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Video Transcript
BRAD SMITH: The stock's kicking off the first trading day of the fourth quarter. It's a big week for economic data, the September jobs report. That's on tap. Yahoo Finance's Josh Schafer joins us for a breakdown of what's to come this week and the excitement level that we should have kicking things off. Josh.
JOSH SCHAFER: Yeah, Brad. We'll go 7 out of 10 this week. All right? We're pretty excited. There was--
BRAD SMITH: Oh, wow.
JOSH SCHAFER: Of course. Well, we thought at one point we were gonna get this jobs report on Friday, or at least I thought at one point we weren't gonna get this jobs report on Friday. That's a large part of what I do here, Brad. I like being busy. And so we do have this calendar now filled out for the week.
And you take a look there, you see a lot of updates on the labor market. That's really your story of the week here when you think about that jobs report on Tuesday, jobs report on Friday, also some interesting data out this morning, though, as far as ISM factory picking up. We're going to get a look at services on Wednesday.
On the corporate side, not a very busy week. But I'm interested to see what we hear from Tilray on Wednesday. We know cannabis stocks have been hot with legalization maybe heating up a little bit there as far as SAFE Banking goes. And then also Levi's and Constellation will be interesting to follow on Thursday.
But again, the real story of the week here is that jobs report, so I just wanna give you guys, again, the numbers at least as of Monday for what we're expecting. We're expecting nonfarm payroll additions of 168,000, unemployment rate of 3.7%, and an average hourly wages of 4.3% So that unemployment rate would come down just a little bit from 3.8% last quarter.
And that's gonna be something that's interesting to watch because, remember, we had that big tick up in the unemployment rate from 3.5 to 3.8 with the August jobs report. And that was an interesting thing to see because it really what it told us if there was more people coming back to the labor market looking for work. Do we still see that developing during this report is gonna be something I'm watching for on Friday.
