In this article .IXIC .DJI .
SPX 700-HK UBI-FR US10Y .STOXX Follow your favorite stocks CREATE FREE ACCOUNT "We're Hiring" flyers displayed at the Albany Job Fair in Latham, New York, US, on Wednesday, Oct. 2, 2024.
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What you need to know today Monster jobs report The U.S. economy added 254,000 jobs in September , according to the U.
S. Labor Department. That figure smashes the expected 150,000 Dow Jones consensus forecast and is far higher than the upwardly revised 159,000 in August.
The unemployment rate ticked down to 4.1% from 4.2% the month before.
Those numbers suggest a recession's unlikely. 'Path to a soft landing' September's blockbuster jobs report "gives the Federal Reserve a fairly open glide path to a soft landing," writes CNBC's Jeff Cox. Despite that optimistic outlook, the fact that the jobs report managed to defy the calculations of so many Wall Street analysts — and perhaps even the U.
S. Federal Reserve — raises questions about what we can truly know about the economy . Reversing losses Major U.
S. indexes rose Friday, erasing the previous four days' of losses to close the week higher . The yield on the U.
S. 10-year Treasury added around 12 basis points , almost hitting 4%. The pan-European .
