254,000 Jobs Created in September

Cheddar News

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.

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