The US economy added 254,000 new jobs in September, which is the highest figure since February. Experts had predicted only 150,000 new jobs for September.

The unemployment rate decreased from 4.2 percent to 4.1 percent.

The US economy added 254,000 new jobs in September, which is the highest figure since February. Experts had predicted only 150,000 new jobs for September.

The unemployment rate decreased from 4.2 percent to 4.1 percent.

After the publication of better-than-expected labor market indicators, Goldman Sachs reduced the probability of a recession in the US economy in the coming months by 5 percentage points to 15%. 

Goldman Sachs economist Ian Hatzius said the September employment report re-energized the labor market and calmed concerns that labor demand is falling too fast to keep the unemployment rate low.

The brokerage company has left unchanged its forecast that the refinancing rate will be reduced by 0.25% to 3.25-3.5% in June 2025. "The risks of another 0.5% reduction have now decreased," Hatsius noted.

The US money market saw massive inflows in the week leading up to Oct. 2 as investors sought safer assets in the run-up to the earnings report amid growing geopolitical concerns in the Middle East. 

Investors invested 41.32 billion US dollars, and the week before that - 113.11 billion. The U.S. stock market also recorded a large $30 billion inflow of funds during the same period, the largest since December 2020.

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