Comment on A recession next year is now even less likely following the blowout jobs report, says Goldman Sachs

A recession next year is now even less likely following the blowout jobs report, says Goldman Sachs

MJgraphics / ShutterstockFriday's knockout jobs report has squashed fears of an imminent recession.The US economy added far more jobs than expected in September, and unemployment dipped to 4.1%.Goldman Sachs cut the chances of a recession in the next year to 15%, and other analysts cheered.Recession fears have weighed on Wall Street recently, but Friday's blowout jobs report has assuaged worries of an imminent economic downturn.Nonfarm payrolls, a key measure of employment, grew by 254,000 in September, crushing forecasts of fewer than 150,000 jobs.

 

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