Job Creation Tax Credits

The economic wreckage from the Great Recession has been cleared away from many sectors of the economy. The stock market has risen to record highs, corporate profi t margins have rebounded smartly, and housing markets have recovered in many parts of the country. Yet progress in the labor market remains unacceptable. Although the unemployment rate has declined from 9.6 percent at the depths of the downturn to 6.3 percent at the time of this writing, it is still historically high for this stage of an expansion, and it masks the stubbornly low employment rate of 59.1 percent