Jobs report surprises Wall Street - here's what it means for your 401(K), loans and mortgage

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Jobs report surprises Wall Street - here's what it means for your 401(K), loans and mortgage

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The US economy far exceeded expectations for job growth last month, according to new data released Friday. Employers added an estimated 254,000 jobs in September, according to the Bureau of Labor Statistics. This is much higher than job growth in August, which was 159,000, and blew economists' expectations for a 140,000-job gain out of the water. The unemployment rate also dropped to 4.1 percent, despite forecasts it would hold steady at 4.
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