By contrast, on October 4 a new jobs report came out that was red “hot”. Jobs increased by 254,000, soundly beating expectations, and major market indices soared by 1% to 2%. Since the September 6 dip,

The jobs report affirms recession unlikely for now. It also almost guarantees the Fed will reduce rates by a quarter point in November.

The robust upswing in retail jobs in September likely got a boost from early seasonal hiring as retailers prepared for the start of the holiday selling season. Total nonfarm payroll rose by 254,000 in September,

The US job market saw a surprising surge in September, with employers adding 254,000 jobs, far surpassing the expected 150,000. The unemployment rate dipped from 4.2% to 4.1%, marking the strongest job growth since March.