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Unemployment reaches double digits in four states

03/11/2009 ASSOCIATED PRESS VIA CBS4.COM WASHINGTON
California, South Carolina, Michigan and Rhode Island all registered unemployment rates above 10 percent in January, while the national rate—at 8.1 percent in February—is the highest it has been in 25 years. Some economists predict the national unemployment rate will peak at 11 percent or higher by mid-2010. Forty-nine states and the District of Columbia registered unemployment increases. Only in Louisiana did the rate drop.

Original story

Labels: California, Michigan, Rhode Island, South Carolina, unemployment rate

posted by Valaree and Brea at 12:23 PM