A weak September jobs report pushed stocks up, because bad news for workers now means less pressure on the Fed to keep raising rates.

• Hiring came in far below expectations and unemployment ticked up to 4.2%, the first move after months of being flat.
• Stocks rose and bond yields fell on bets the Fed will hold rates steady at its late-October meeting.
• Inflation still rose on the year, but much of the pressure is coming from expensive diesel, which raises the cost of moving everything from packages to groceries.
• US unemployment is still low next to most big economies — the UK, India, Brazil, China, Canada and France all sit higher.

Outlook: A rate hike in October now looks unlikely, but traders still see a real chance of one in December.