Strong September hiring adds 254000 jobs as unemployment ticks down
U S employers added 254000 jobs in September, lifting total payrolls and easing labor market concerns. The unemployment rate fell to 4.1 percent, with broad gains across restaurants, health care, government, social services, and construction, while wages rose 0.4 percent month over month and 4.0 percent year over year. The data supported a view of solid, not explosive, momentum and preceded another anticipated Federal Reserve rate cut.
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Markets Rally On Strong Jobs Data Lift Bets For Growth
U S stocks rose Friday led by banks airlines and cruise lines as a robust jobs report showed payrolls surged by 254000 last month. The Dow jumped 341 points the S P 500 neared an all time high and the Nasdaq climbed 1 2 percent boosting sentiment about sustained growth and easing inflation concerns.
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US S
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Judge halts Biden student loan cancellation plan in Missouri
A federal judge in Missouri issued an injunction blocking widespread forgiveness of student loans, delaying Biden administration plans cited as potentially affecting hundreds of billions. The ruling came after six Republican-led states urged fast action, arguing the Education Department could mass cancel loans as soon as Monday. The Education Department vowed to defend the proposal, while Missouri Attorney General Andrew Bailey hailed the decision as a win for working Americans.
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IRS expands Direct File free tax filing to 24 states
The IRS will open its Direct File program to more than 30 million people in 24 states for the 2025 filing season, with permanent expansion and broader eligibility including 1099 income and various credits. Alaska, Connecticut, Idaho, Kansas, Maine, Maryland, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Wisconsin join. Ohio is excluded.
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