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.

Nonfarm payrolls are projected to show growth of 150,000, form 142,000 the month before, with a steady unemployment rate of 4.2%.

Following Friday’s jobs data, Bank of America analysts changed their call for the November Fed meeting. They now expect policymakers to cut rates by 25 basis points, rather than 50.

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

The Bureau of Labor Statistics employment data shows that the American job market picked up in September with the unemployment rate declining slightly to 4.1%.

U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, pointing to a resilient economy that likely does not need the Federal Reserve to deliver large interest rate cuts for the rest of this year.

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.