Jobs Report Boosts Rate Cut Odds, But Uncertainty Persists
Update: 2025-11-21
Description
Septembers jobs report, after a 76-day wait, shows a surprising addition of 119,000 jobs, exceeding expectations. Unemployment rate slightly rose to 4.4%. The report slightly boosts chances of a Fed rate cut in December, now at 39.5%, but market uncertainty persists due to lack of recent data during the government shutdown. Alternative data sources like ADP and The Conference Board proved reliable during the data blackout.
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