Reported 1 day ago
The September jobs report revealed an unexpected addition of 254,000 payrolls, surpassing expectations and leading economists to revise their forecasts. Concerns about a weakening labor market have shifted, with many now anticipating multiple rate cuts from the Fed. This data suggests potential stabilization in employment, despite a backdrop of mixed indicators and declining labor sentiment among households, indicating a cautious spending outlook moving forward.
Source: YAHOO