Business Rundown: Shocking Jobs Report Blows Past Expectations

The Fox News Rundown

For weeks, economists and analysts reacted with caution to the August jobs report that showed a hiring slowdown, some even questioning if the Fed’s aggressive rate cut would ease inflation at the expense of our labor market.

The September jobs report released this morning paints a very different picture for the US economy. 254,000 jobs added. The unemployment rate ticked down 0.1 percent. Average hourly earnings are up 4 percent year-over-year.

FOX Business correspondent Gerri Willis speaks to Annex Wealth Management chief economist Brian Jacobsen about what's behind the unexpectedly strong jobs report and its impact on future Fed monetary policy. Later, they analyze Wall Street's volatile week caused by Middle East tensions and the resolution of a loom port strike.

Photo Credit: AP

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