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The September U.S. jobs report exceeded expectations, with 254,000 jobs added, significantly higher than predicted. This broad-based growth, seen across sectors like leisure, hospitality, education, and healthcare, paints a more robust labor market picture than recent months. The strong report influences market expectations for the Fed's next interest rate decision.
- 254,000 jobs added in September, exceeding the 150,000 forecast.
- Unemployment rate dropped to 4.1%.
- Broad-based job growth across various sectors.
- Market expectations shift towards a smaller interest rate cut by the Fed.
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