Jobless Rates Rise Across U.S.; Michigan Number One Again

Michigan Unemployment

Unemployment rates continued to grow in January, with three more states joining Michigan with the dubious distinction of having an unemployment rate in the double-digits.

California, South Carolina, and Rhode Island joined Michigan with unemployment rates over 10%. Michigan’s 11.6% unemployment rate leads the nation. Four states–Indiana, Nevada, North Carolina, and Oregon–have unemployment rates over 9%.

Aside from cutting jobs, many employers are reducing hours and pay as the recession cuts into profits.

The recession has claimed a total of 4.4 million jobs since December 2007. The nationwide unemployment rate is at 8.1% and some economists predict it will peak at 11% in mid-2010.

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Author: mediamouse

Grand Rapids independent media // mediamouse.org