A recession next year is now even less likely following the blowout jobs report, says Goldman Sachs

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• Friday's knockout jobs report has squashed fears of an imminent recession.
• The US economy added far more jobs than expected in September, and unemployment dipped to 4.1%.
• Goldman Sachs cut the chances of a recession in the next year to 15%, and other analysts cheered.

Recession fears have weighed on Wall Street recently, but Friday's blowout jobs report has assuaged worries of an imminent economic downturn.

Nonfarm payrolls...