Will September jobs report impact the Fed's timeline on interest rates?

Claman on Call: FBN's Liz Claman with an after-hours web exclusive on the markets, the September jobs report and its impact on Federal Reserve policy.

Claman on Call: Will Upbeat Jobs Data Impact Fed's Timeline?

The markets roared back on Friday after better-than-expected jobs data. But it wasn't quite enough to lift the major indices for the week -- though the Dow transports came very close to ending in the green for the week, missing by just three points. 

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The major headline of the day, however, was from that jobs report: Unemployment has fallen to 5.9% in September -- the lowest in six years. U.S. Labor Secretary Tom Perez joined FOX Business and he discussed the labor participation rate, which is now at the lowest level in 36 years.

Head to FOXBusiness.com/OnCall to hear what he said about that and what he answered when asked whether he would take the job of attorney general, if it were offered to him.

RBS Securities Managing Director and Senior Economist Michelle Girard also joined FBN on Friday. She is one of the leading economists on the Street, and she says that not all Americans are feeling the benefits of the economic recovery. She thinks the Fed will take this into consideration when making its monetary policy decisions. 

Now, here is what you need to watch for next week: On Monday, the Labor Market Conditions Index comes out; Tuesday, Consumer Credit is revealed; Wednesday, the market will be looking at FOMC Minutes; Thursday is jobless claims; and finally Friday, the Federal Budget is released. 

Be sure to check out all of today's interviews on FOXBusiness.com/OnCall and tune into Countdown to the Closing Bell every week day at 3 p.m. ET.

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