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.

There has been significant job growth across various sectors, indicating a resilient labor market and low recession risks. Read what this means for markets and stocks.

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.