A stunning jobs report shows surprising strength in the us labor market. 254,000 jobs created in the month of September, far more than the 140,000 expected
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00:00A stunning jobs report shows surprising strength in the U.S. labor market.
00:05254,000 jobs created in the month of September, far more than the 140,000 expected.
00:13The unemployment rate also fell to 4.1 percent.
00:17The number likely impacts the next decision by the Federal Reserve.
00:20Many were expecting a second straight 50-point cut in interest rates in November.
00:26This likely means a 25-point cut is coming, but could also suggest the Fed could hold rates in place.
00:33The healthy report also suggesting a healthy economy just a month away from the presidential election.