The economy added 103,00 jobs in September, well above expectations for 60,000, as private sector jobs grew by 137,000. That’s a big relief after the economy posted a goose-egg in August. The unemployment rate, however, stayed at 9.1% as the labor force participation rate grew.
Stocks jumped on the news and Treasuries fell, with the yield on the 10-year reaching 2.08%.
Dow futures rose 108 points to 11,154; S&P 500 futures rose 12.3 points to 1169.9.
West Texas crude oil futures are up to $83.62 per barrel, after spending much of the week below $80.
The Labor Department also revised its numbers for the prior two months, adding an additional 99,000 jobs.
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