Wednesday, March 11, 2009

State Unemployment Rates

by Calculated Risk on 3/11/2009 04:07:00 PM

The markets were calm today ... so here is something else.

Earlier today, the BLS released the state unemployment rates for January. Four states are now above 10%: Michigan, South Carolina, Rhode Island and California.

State Unemployment Rates Click on graph for larger image in new window.

This graph shows the unemployment rate by state (and D.C.) for January 2008 and January 2009.

The unemployment rate has increased significantly in every state, and more than doubled in Hawaii and Alabama over the last 12 months - and has nearly doubled in North Carolina, Indiana and Oregon.

There is pain everywhere.