U.S. Stock Futures Surge After Surprising Jobs Report

U.S. stock index futures climbed after a labor report revealed a surprising increase in payrolls and a slightly lower unemployment rate than predicted. September's nonfarm payrolls exceeded expectations at 254,000, easing worries about a rapid job market cooldown.

U.S. stock index futures experienced gains on Friday following a key labor report that revealed a surprising rise in payroll numbers and a slightly lower unemployment rate than anticipated. This development eased concerns about a rapid slowdown in the jobs market.

The report from the Labor Department indicated that nonfarm payrolls increased by 254,000 in September, surpassing the economists' projection of 140,000 from a Reuters poll. Additionally, August's payroll numbers were revised upwards to 159,000.

The unemployment rate stood at 4.1% for last month, compared to the expected 4.2%. At 08:31 a.m., major stock futures recorded gains, with Dow E-minis up 102 points, S&P 500 E-minis up 24.5 points, and Nasdaq 100 E-minis rising by 107 points.

(With inputs from agencies.)