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On this day in Labor History

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March 6, 2009

The U.S. Dept. of Labor reports that the nation’s unemployment rate soared to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs amid a deepening recession - 2009

February 4, 2009

President Barack Obama imposes $500,000 caps on senior executive pay for the most distressed financial institutions receiving federal bailout money, saying Americans are upset with "executives being rewarded for failure." - 2009

January 29, 2009

Newly-elected President Barack Obama signs the Lilly Ledbetter Fair Pay Act, making it easier for women and minorities to win pay discrimination suits - 2009

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