With the addition of 110,000 jobs in September and increased hiring during the past two months, worries of a recession have eased, Bloomberg reported.

The U.S. Labor Department revised its figures for August, reporting a gain of 89,000 in jobs. August employment numbers were originally reported as the first drop in four years.

As traders anticipate a possible Federal Reserve interest rate cut this month, following the half-point decrease on Sept. 18, Treasury notes have fallen and the dollar has gained in value versus foreign currencies. Rising number of jobs and increased salaries will help consumers withstand the declining housing market and maintain the spending that makes up two-thirds of the economy.

“This eases fears that the economy will take a dramatic turn for the worse,” said Julia Coronado, senior U.S. economist at Barclays Capital Inc. in New York. “This makes the Fed’s decision a closer call. A rate cut in October is by no means a foregone conclusion.”

Teaching positions (expanded by 57,000) and service industry (banks, insurance companies, restaurants and retailers), which added 143,000 workers, companies accounted for the majority of the new hires. Factory payrolls dropped by 18,000 following a 45,000 decrease the previous month.