"This month, the labor market looks stronger than we previously thought," Dan North, senior economist at Allianz Trade North America said after the Labor Department's exceptionally strong September nonfarm payrolls print.

U.S. Federal Reserve concerns about a slowing job market were relieved for at least another month when new data on Friday showed job growth jumped and the unemployment rate fell in September, adding to investor bets the central bank will cut its benchmark rate only a quarter of a percentage point next month.

September's 245,000 new jobs topped consensus forecasts by about 100,000. This means the Fed can probably slow the pace of rate cuts, economists said.