The jobs report affirms recession unlikely for now. It also almost guarantees the Fed will reduce rates by a quarter point in November.

The September jobs report was stronger than expected and is likely to assuage recession fears, driving up hopes for soft landing or no landing economic scenarios.

Stocks rallied after data showed nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150,000 from economists polled by Dow Jones. The unemployment rate ticked down to 4.1% despite expectations for it to hold steady at 4.2%.

Here is what you need to know ahead of this morning's monthly payrolls report: Economists polled by The Wall Street Journal expect 150,000 new jobs were created last month, up from 142,000 in August.

Recent reports have shown inflation slowing and the economy growing at a robust clip. The Fed has also cut interest rates, bringing mortgage rates down.

The jobs report for September released Friday showed that employment rose for native-born and fell for foreign-born workers.

Businesses added 254,000 jobs last month, far outpacing expectations. The unemployment rate declined to 4.1 percent and wage growth remained strong. The robust jobs numbers align with other strong economic data to paint a portrait of a solid economy.

U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, pointing to a resilient economy that likely does not need the Federal Reserve to deliver large interest rate cuts for the rest of this year.

A blockbuster jobs report on Friday paved the way toward a soft landing, in which inflation returns to normal levels while the U.S. economy averts a recession, experts told ABC News. Employers hired 254,

Once again, the Bureau of Labor Statistics’ monthly Jobs Report astonished economists and market observers by revealing that 254,000 jobs were created last month, blowing away predictions of 140,000,