The September jobs report blew past expectations.
We added a whopping 336k jobs last month. About double expectations. July and August got revised up as well by a combined 119k higher jobs.
Unemployment stays level at 3.8%. Labor force participation stays level at 62.8%. Prime age labor force participation is at 83.5%- this is actually 0.5% above where it was before the pandemic.
With core inflation now back down to the Fed's target we seemingly are getting the soft landing we desired.
Don't be so sure. In 2022, job numbers were revised down AFTER the election