Good news on the jobs front over the summer has boosted the stock market and eased concerns that the economy was headed toward a recession.Numbers from September as well as some revised figures for August and July show a steady if unspectacular rise in employment:Job growth was much stronger this summer than the government had first estimated, the Labor Department said, easing fears of a recession and making it less likely the Federal Reserve will cut interest rates when it meets at the end of this month. The economy added 110,000 jobs in September and roughly 90,000 in both July and August, according to the new report. The Labor Department had reported a month ago that the economy lost 4,000 jobs in August. Wall Street responded favorably to the news, with the Standard & Poor’s 500-stock index jumping almost 1 percent to close at 1,557. The Dow Jones industrial average rose nearly 92 points, or 0.6 percent, to 14,066.The report in September represented 49 straight...(Read Full Post)