U.S. Jobs Report Analysis

On Friday, the U.S. government announced an extremely consequential jobs report.

September jobs report heavily crushed expectations. The unemployment continued declining to a fixed rate of 4.1%, and the economy added 250,000 new jobs.

Economists predicted a mere 100,000 jobs increase.

In the middle of September, the Fed announced its largest rate cut since 2020. Clearly, the cuts are not having a negative effect on the economy, quite the opposite.

In a matter of minutes, stock jolted up, with the S&P making a 0.2% gain, and the Nasdaq a 0.5% gain, as of 12:00 PM EST Friday.