Markets were reorienting on Friday after a surprisingly strong jobs report dispelled some fears that the Federal Reserve needs to come to the rescue of a weakening labor market.

Friday’s report capped a week of mostly encouraging data on the job market, including an update indicating layoffs remain relatively low. Such strength helps allay one of Wall Street’s top questions: whether the job market will continue to hold up after the Federal Reserve earlier kept interest rates at a two-decade high.

September’s jobs data exceeded expectations, putting to bed talk of an imminent recession and leading to a rethink of how fast rates will drop.