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Newspaper
The Gazette
Location
Medina, Ohio, United States of America
Date
Oct 05, 2024
Page
10
Employers added 254000 jobs in September, far surpassing expectations and lifting the three month average to 186000. Unemployment fell to 4.1 percent, wage growth stayed solid at 0.4 percent month over month and 4.0 percent year over year.
U S stocks climbed with the S P 500 near an all time high after a stronger than expected jobs report. The Dow rose 341 points and the Nasdaq gained 1.2 percent while banks airlines and cruise lines led. Traders pushed back bets on large rate cuts as the labor market stayed firm.
The IRS will open its Direct File program to more than 30 million people in 24 states for the 2025 tax season, expanding beyond the 2024 pilot in 12 states. The permanent program adds 12 new states Alaska Connecticut Idaho Kansas Maine Maryland New Jersey New Mexico North Carolina Oregon Pennsylvania Wisconsin, with eligibility widening to include 1099 income and credits such as the Child and Dependent Care Credit Health Savings Account deduction and Retirement Savings Contributions Credit.
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