In recent weeks, reports have shown inflation slowing and the economy growing at a robust clip. The Federal Reserve has also cut interest rates, bringing mortgage rates down.

The September jobs report showed U.S. employers added 254,000 jobs and yearly wage increases outpaced the inflation rate. CBS News senior business and technology correspondent Jo Ling Kent reports on how the report reflects on the U.

A blockbuster jobs report on Friday paved the way toward a soft landing, in which inflation returns to normal levels while the U.S. economy averts a recession, experts told ABC News. Employers hired 254,

U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, pointing to a resilient economy that likely does not need the Federal Reserve to deliver large interest rate cuts for the rest of this year.

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.