Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.(USDoL)
Despite an emerging economic expansion, businesses were sufficiently skittish about the future that the job market continued its long, steep decline in August, according to a new government report Friday. The unemployment rate rose to 9.7 percent, from 9.4 percent, as employers shed jobs for the 20th straight month, the Labor Department said. (Washington Post, Sept. 5, 2009)
"The real unemployment rate released today by the Bureau of Labor Statistics is 16.8%, 7 points higher than the officially reported rate." (Common Dreams, Sept. 4, 2009)
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