Jobs data for September was far stronger than expected.The chances for a 50 basis point rate cut in November all but vanished.Already down on the week, the price of bitcoin is holding up following the data, with one analyst suggesting the risk of a sharp economic downturn has been removed from the market.The employment picture in the U.S. heated up...

(Reuters) - A surge in job growth last month will allow the Federal Reserve to eschew any further big interest-rate reductions and stick to gradual cuts going forward, traders bet on Friday.  After the Labor Department reported a gain of 254,000 jobs in September and a decline in the unemployment rate to 4.1%, traders of futures that settle to the...

(Reuters) -U.S. job growth accelerated in September and the unemploymentrate slipped to 4.1% from August's 4.2%, further reducing theneed for the Federal Reserve to maintain large interest ratecuts at its remaining two meetings this year. > by 254,000 jobslast month after rising by an upwardly revised 159,000 inAugust, the Labor Department said on Friday. Economists polledby Reuters had forecast payrolls...

Signs of a healthy labor market emerged from the official September jobs report, as the U.S. economy added 254,000 nonfarm payroll jobs last month, reflecting a strong improvement over August's upwardly revised figure of 159,000. This pace of job creation sharply exceeded economist forecasts, offering fresh optimism for the labor market's resilience. Before the September jobs report, traders were anticipating...