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The national unemployment rate in February 2010 remained at 9.7 percent, with the rate considerably higher in certain parts of the country. If your business has been growing but you've been reluctant to take on a new employee because of economic uncertainty or for any other reason, maybe recently enacted tax incentives will convince you to act. The Hiring Incentives to Restore Employment (HIRE) Act, which was signed into law on March 18, 2010, offers significant tax savings for adding people to your payroll.
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