Table of Contents

• US Jobs

• Meta

Top Stories Today

Economy & Finance

US Jobs

U.S. job growth surged in September with the biggest increase in six months, while the unemployment rate dropped to 4.1%. The Labor Department reported a rise of 254,000 nonfarm payrolls, beating expectations. Wages also grew steadily, reflecting a resilient economy. The data suggests that further aggressive interest rate cuts by the Federal Reserve may not be necessary. Additionally, revisions for July and August added 72,000 more jobs than previously reported. This comes amid concerns about inflation and economic stability as the Fed weighs future policy decisions.

Technology

Meta

Meta has introduced a new AI tool called Movie Gen, capable of generating realistic video and audio clips in response to user prompts. This technology can create short videos and background sound effects, rivaling existing tools from companies like OpenAI and ElevenLabs. The tool allows for video editing, such as altering environments or adding objects. Meta says it is working with content creators in the entertainment industry but is unlikely to release Movie Gen for open use. The tool was developed using a combination of licensed and public datasets.

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