The September jobs report was more than 254,000 jobs and an unemployment rate of 4.1% when the Dow Jones survey of economists predicted 150,000 jobs and 4.2% unemployment. Taking all the factors together, it's unlikely the Federal Reserve makes another 50-basis-point interest rate cut in the Federal Open Market Committee November meeting.

Not only was the actual September jobs count 69.3% over the estimate, but previous numbers were also revised upward: July by 55,000 and August by 17,000, for a total of 72,000.

Next were wages. Hourly wage growth expectations were 0.3% month over month and 3.8% year over year. The real numbers were 0.4% month over month and 4.0% year over year.