Five states see unemployment of 12% or more
Five states—Michigan, Nevada, Rhode Island, Oregon, and California—posted unemployment rates of 12 percent or more in August. Michigan’s 15.2 percent jobless rate was the highest in the nation. In all, 27 states and the District of Columbia reported that unemployment rose in August.
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Higher prices for pumpkins
It’s the great pumpkin shortage, Charlie Brown. A cool, damp summer in the Midwest and New England has decimated the U.S. pumpkin crop, leading to higher prices and shortages across the U.S. as Halloween approaches.
USA Today
IPOs make a comeback
In a sign that investors are finally regaining their appetite for risk, five initial public offerings are coming to market in the U.S. this week, the most IPOs since December 2007.
The Wall Street Journal
IRS extends amnesty program to 15 October
Tax dodgers now have until Oct. 15 to disclose their hidden assets in offshore accounts. The Internal Revenue Service decided to extend the deadline of its amnesty program by 22 days, because of the high volume of taxpayers coming forward. More than 3,000 taxpayers so far have admitted to hiding assets, up from 80 last year.
The New York Times