Benzinga had the chance to speak to TD Ameritrade’s J.J. Kinahan on Friday about the mixed September U.S. jobs report and what it means for the stock market and the economy. Kinahan also discussed the possibility of an interest rate hike by the end of the year.

Overall, Kinahan called the September jobs report “vanilla ice cream.”

“It was nice, but there’s nothing you’ll remember about it in a week,” he noted.

Kinahan pointed out that workforce participation rate and wage growth were two of the positive takeaways from the report, even though the headline jobs number of 156,000 came up short of consensus expectations of 175,000 additions.

Kinahan also told Benzinga that healthcare and business services continued to show impressive growth, but that job creation in retail and food & beverages isn’t ideal.

“It’s great that we’re creating jobs there, but they’re just that – they’re jobs. They’re not careers for most folks.”

In terms of a rate hike, Kinahan believes a November hike in an election year is unlikely, but a December hike is certainly on the table. In fact, he pointed out…

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