Double Digit Unemployment Rates Hit Seven States
Nationwide, the US unemployment rate has hit 8.1 percent this past February, reaching a 25 year record high, according to a report released by the US Labor Department earlier this month. The economic gurus have predicted that even if the recession was to subside by this year’s end, the expected unemployment rate at the end of 2009 is 10 percent. In January this year, only 4 states reported unemployment rates topping 10 percent, which has risen to 7 in the past month, with three more states adding to the growing list; according to figures released by the U.S. Bureau of Labor Statistics.
