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March 27th, 2009

Unemployment Up to Double-Digits in Some States

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Written by: The Iowa Republican

upMore states logged double-digit unemployment rates in February, with North Carolina and Rhode Island seeing their rates hit record highs.

The U.S. Labor Department’s report, released Friday, showed the terrible toll the recession, now in its second year, is having on workers and companies alike.

Seven states have unemployment rates that topped 10 percent last month. That’s up from four states in January.

The U.S. unemployment rate, released earlier this month, rose to 8.1 percent in February, the highest in more than 25 years. Economists predict the national jobless rate will hit 10 percent by year end even if the recession were to end later this year as some hope.

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The Iowa Republican

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