Jobs Report Boosts Rate Cut Odds, But Uncertainty Persists

Septembers jobs report, after a 76-day wait, shows a surprising addition of 119,000 jobs, exceeding expectations. Unemployment rate slightly rose to 4.4%. The report slightly boosts chances of a Fed rate cut in December, now at 39.5%, but market uncertainty persists due to lack of recent data during the government shutdown. Alternative data sources like ADP and The Conference Board proved reliable during the data blackout.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.