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Michigan became the first state in 25 years to suffer an unemployment rate exceeding 15%, according to a report released Friday by the Labor Department.
GM's bankruptcy is the reason.
Rhode Island had the second highest unemployment rate at 12.4%, followed by Oregon at 12.2%.
A total of 15 states and the District of Columbia had unemployment rates of at least 10%.
Friday's report from the U.S. Labor Department also showed that six states recorded record-high unemployment rates in June.
Over the month, jobless rates increased in 38 states and the District of Columbia. Michigan's 1.1 percentage point increase from May to June was the highest in the nation, followed by Wyoming's 0.9 point increase.
On an annual basis, jobless rates where higher in all 50 states and the District of Columbia. Michigan also recorded the highest yearly increase at 7.1 percentage points. Oregon came in second with a year-over-year increase of 6.3 percentage points in its unemployment rate.
Last edited by NEPatriot; 07-17-2009 at 02:06 PM..
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