Daily Note | October 4, 2024 | Big Jobs Report, Munis On Sale?

Good news is good news again as the jobs report comes out well ahead of expectations.

Payrolls rose by 254,000, well ahead of the 133,000 estimate. Prior month revised up to 159K, from 142K. The unemployment rate fell back to 4.1% from 4.3%. Average hourly wages at +0.4% compared to +0.3% estimates.

Labor force participation rate was unchanged at 62.7%. M…