Labor Day by the numbers

Source: Anna Turner, Economic Policy Institute, EPI Fact Sheet, September 4, 2009

Highlights include:
• Total Jobs Lost During The Recession: 6.9 Million
• Unemployment Rate: 9.7%
• States With Double-Digit Unemployment In July, 2009: 16; When This Last Happened: 1983
• Increase In Average U.S. Worker’s Productivity, 2000-07: 19.2%
• Expected New Spending (12-Months) From The New $7.25 Minimum Wage: $5.5 Billion
• Americans Uninsured In 2007: 45 Million
• Share Of People Near Retirement Age With A 401(K) Balance Under $40,000 In 2007: 50%
• Workplaces With No Contract More Than Three Years After Election Is Won: 25%
• Annualized Rate Of Economic Contraction, 2nd Quarter, 2009: 1%

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