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Unemployment at highest level in 25 years

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David M. Dickson
Washington Times
Sunday, June 21, 2009

The turmoil ravaging General Motors and Chrysler generated big jumps in joblessness last month throughout the Midwest, sending Michigan’s unemployment rate above 14 percent and pushing three nearby states into double digits.

Jobless rates in Illinois and Indiana surpassed 10 percent, while Ohio’s approached 11 percent, according to data released Friday in a Labor Department report.

The half-percentage-point jump in the national unemployment rate rippled throughout the country as 48 states and the District of Columbia reported increases in their jobless rates in May.

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Unemployment at highest level in 25 years 290509banner

The U.S. unemployment rate rose from 8.9 percent in April to 9.4 percent in May, its highest level in more than a quarter-century. The rate was 10.8 percent near the end of 1982.

The Michigan unemployment rate soared from 12.9 percent in April to a national peak of 14.1 percent in May.

Full article here

This article was posted: Sunday, June 21, 2009 at 7:42 am





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