More states see jobless rate top 10 percent

[lonestarnot]

New data show terrible toll of the recession, now in second year
Market update
www.rawstory.com

http://www.msnbc.msn.com/id/29914902/

More states see jobless rate top 10 percent
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updated 8:36 a.m. MT, Fri., March. 27, 2009
WASHINGTON - More 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.

[OhioChick]

1. Ohio is officially at 9.4% but...

It has to actually be much, much higher as benefits are/have run out for many. There just aren't any jobs out there.

Ohio never recovered from the last few recessions. :(

[lonestarnot]

3. A new friend moved out here, left her husband who was having surgery to a job!

Poor thing has been trying to get a place to live, but keeps getting let down. I'm sorry for all Ohioans, is that what you call yourselves? :shrug: I'm sorry for everyone without a job that wants one. :cry:

[OhioChick]

11. Yep...We're Ohioans....

It's so bad here....it's so depressing. :(

I feel for your friend. :hug:

[lonestarnot]

12. Thanks OhioChick. Things may work out for her yet. Keep your fingers crossed!

[DJ13]

2. Unemployment in my county here in Ca is 17%

Its getting pretty bad.

[marketcrazy1]

4. it`s worse than they say

U6 is over 14 percent

[lonestarnot]

5. Damn! Are they actually admitting that?

[marketcrazy1]

6. U6 for Feb

is 14.9 percent to be exact, BLS link http://www.bls.gov/news.release/empsit.t12.htm

[lonestarnot]

7. Damn! Thanks for the link.

[Zynx]

8. I do want to emphasize that while U6 is important, don't do a knee-jerk comparison to the 25% figure

we hear for 1933. That number did not consider part-time workers or those who had gone from full to part time as unemployed. That number considered anyone who got paid as little as 10 hours a month as employed.

[marketcrazy1]

9. many consider U6 to be

a more accurate representation of the employment picture in the U.S., others may feel U5 is better if you want to consider strictly unemployed since that number does not include those working part time because they cant find full time work. U5 for Feb stands at 9.3 percent. still others believe ALL these numbers are rigged! some have shown stats that put TRUE U6 approaching 20 percent!!

[lonestarnot]

10. Double damn!