Friday, March 27, 2009

Double-digit unemployment hits 7 states

Dayton Business Journal - by G. Scott Thomas
Seven states posted unemployment rates above 10 percent in February, as Ohio inched toward the double digits, according to seasonally adjusted figures released Friday morning by the U.S. Bureau of Labor Statistics.

Ohio's unemployment rate for February was 9.4 percent, an increase of 3.5 percentage-points.

Michigan registered the nation’s worst rate, with 12 percent of its labor force out of work as of February 2009.

Also in double digits were South Carolina (11 percent), Oregon (10.8 percent), North Carolina (10.7 percent), California (10.5 percent), Rhode Island (10.5 percent), and Nevada (10.1 percent).

All seven of those states experienced rapid rises in unemployment during the past year. North Carolina’s increase was the sharpest in the nation, up 5.5 percentage points from its February 2008 jobless rate of 5.2 percent.


Job Losses Compared

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