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Labor Day 2013: Unemployment Facts and Figures Photos
Labor Day 2013: Unemployment Facts and Figures Photos
President Barack Obama, shown Aug. 15, 2013, in Chilmark, Martha's Vineyard, Mass., has
proposed eliminating loopholes that encourage companies to ship jobs overseas. He has proposed a
top tax rate of 28 percent with a manufacturing tax rate no higher than 25 percent and asked
Congress to create up to 45 new manufacturing innovation institutes over 10 years, tripling the 15
originally proposed.
Rick Friedman-Pool/Getty Images
Labor Day Highlights Struggles
Markets remain volatile as Ben S. Bernanke, chairman of the U.S. Federal Reserve, says that the
unemployment rate remains "elevated." The Federal Reserve is keeping the federal funds rate, the
rate at which banks can borrow from each other, near zero while the unemployment rate remains
above 6.5 percent and and inflation expectations remain anchored.
Pete Marovich/Bloomberg/Getty Images