The September jobs report was stronger than expected and is likely to assuage recession fears, driving up hopes for soft landing or no landing economic scenarios.

Continuing job claims may not be a good indicator for the unemployment rate. Read what one unnoticed factor could push the unemployment rate higher.

Earlier this week, the government’s report on job openings showed an increase in open positions, to 8 million outstanding at the end of August, while another hiring survey from private payroll firm ADP found companies hired 143,000 workers last month, a bounce back from the 103,000 in August.

The September jobs report will be pivotal for markets because it holds implications for future Fed interest rate policies.

The Labor Department said on Friday that the economy created 254,000 jobs in September, smashing Wall Street expectations and giving another boost to the Federal Reserve looking to ease off on the cou

The U.S. added 254,000 jobs in September, far exceeding expectations, while the unemployment rate fell from 4.2% in August to 4.1%.

The US economy added 254,000 jobs in September, smashing expectations and prompting traders to increase bets that the Federal Reserve will lower interest rates at a slower pace after a jumbo cut last month.