Posted on November 1, 2010

Treasury Releases Key Findings from the Hire Act Tax Credit

The U.S. Department of Treasury released an analysis of the Hire Act tax credit from February to August 2010.

Key findings include:
* 8.1 million new workers who have been unemployed for 60 days or longer have been hired.
* 1 in 8 workers who have been unemployed for 60 days or longer have been hired in the subsequent months.
* California, Texas, New York, Florida, Illinois, Ohio, Pennsylvania, Michigan, Georgia and North Carolina are the 10 states with the largest number of workers whose employers could potentially qualify for the Hire Act tax exemptions.
* Construction Industry held highest percentage of exemption eligible new hires.

_For more information go to www.treas.gov/press/releases/tg897.htm.
To view the entire report, click “Full Report” at the bottom of the webpage._