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Unemployment over 10 percent in more than 16 states in June |
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The News -
Economy
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July 18, 2009 |
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The U.S. Labor Department says unemployment is over 10 percent in more than 16 states last month. The rate in Michigan surpassed 15 percent, the first time any state hit that mark since 1984. Home to the nation's struggling auto makers, Michigan has been clobbered by lost factory jobs. Its jobless rate of 15.2 percent in June was the highest in the country, but the record-high for the state was 16.9 percent in November 1982. Your faithful webmaster is one of the unlucky ones... 
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Still, the government says it's the first time in 25 years that any state has suffered an unemployment rate of at least 15 percent. In 1984, it was West Virginia. The national unemployment rate is 9.5 percent, a 26-year high, and is expected to hit 10 percent by year-end. Source : Breitbart |
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