The September jobs report was stronger than expected and is likely to assuage recession fears, driving up hopes for soft landing or no landing economic scenarios.

Economists are less concerned about an imminent downturn after far more jobs were added in September than expected, and unemployment fell.

Key Takeaways A strong jobs report has reduced than chances of a recession in the next 12 months, according to Goldman Sachs analysts.A lower unemployment rate avoids a key early stage recession indicator called the "Sahm Rule.

If Fed officials had known the subsequent data, they probably would have opted for a quarter-point cut on Sept. 18,” economist Jan Hazius said.

U.S. Recession Risk Decreases Amid Job Market Gains Goldman Sachs has reduced the probability of a U.S. recession within the next 12 months to 15%, down from 20%, after the September employment data showed