The bottom line

Five states see unemployment of 12% or more; Foreigners hold 43% of bonds issued by Treasury in 2009; Higher prices for pumpkins; IPOs make a comeback; IRS extends amnesty program to 15 October

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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