- Prison Planet.com - http://www.prisonplanet.com -

Double-digit unemployment hits 7 states

Posted By admin On March 28, 2009 @ 3:34 am In Money Watch | Comments Disabled

G. Scott Thomas
Atlanta Business Chronicle [1]
Saturday, March 28, 2009

Seven states posted unemployment rates above 10 percent in February, as Georgia is inched toward the double digits, according to seasonally adjusted figures released Friday morning by the U.S. Bureau of Labor Statistics.

Georgia’s unemployment rate for February was a record high 9.3 percent. Metro Atlanta’s unemployment rate also was 9.3 percent in February.

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).

(ARTICLE CONTINUES BELOW)

Double digit unemployment hits 7 states 335x205 graph128c aj [2]

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.

Unemployment increased by at least one percentage point in every single state and the District of Columbia.

North Carolina, Oregon and South Carolina were the only states with year-to-year jumps of more than five points.

Seven other states suffered upswings in unemployment of at least four percentage points during the past year: Alabama, California, Florida, Indiana, Michigan, Nevada and Rhode Island.

Full article here [1]


Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/double-digit-unemployment-hits-7-states.html

URLs in this post:

[1] Atlanta Business Chronicle: http://www.bizjournals.com/atlanta/stories/2009/03/23/daily90.html

[2] Image: http://www.efoodsdirect.com/products.html

[3] State Unemployment Keeps Rising; Three Hit Record Highs: http://www.prisonplanet.com/state-unemployment-keeps-rising-three-hit-record-highs.html

[4] Florida unemployment hit record 12.2 percent in February: http://www.prisonplanet.com/florida-unemployment-hit-record-12-2-percent-in-february.html

[5] Unemployment at highest level in 25 years: http://www.prisonplanet.com/unemployment-at-highest-level-in-25-years.html

[6] U.S. unemployment hits record but job losses slow: http://www.prisonplanet.com/us-unemployment-hits-record-but-job-losses-slow.html

[7] Real Unemployment Figures Double Those Reported By Labor Department: http://www.prisonplanet.com/real-unemployment-figures-double-those-reported-by-labor-department.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.