Twenty-seven states recorded over-the-month unemployment rate increases, 7 states and the District of Columbia registered rate decreases, and 16 states had no rate change, the U.S. Bureau of Labor Statistics reported today.States With Unemployment > 10%
Over the year, jobless rates increased in 46 states and the District of Columbia and declined in 4 states. The national unemployment rate in February, 9.7 percent,remained unchanged from January, but was up from 8.2 percent a year earlier.
Michigan again recorded the highest unemployment rate among the states, 14.1 percent in February.
North Dakota continued to register the lowest jobless rate, 4.1 percent in February, followed by Nebraska and South Dakota, 4.8 percent each.
The rates in Florida and Nevada set new series highs, as did the rates in two other states: Georgia (10.5 percent) and North Carolina (11.2 percent).
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State Rate
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United States ........................ 9.7
Michigan ............................. 14.1
Nevada ............................... 13.2
Rhode Island ...................... 12.7
California ............................ 12.5
South Carolina ................... 12.5
Florida ................................ 12.2
District of Columbia ............ 11.9
Illinois ................................. 11.4
Mississippi .......................... 11.4
North Carolina .................... 11.2
Kentucky ............................ 10.9
Ohio ................................... 10.9
Tennessee ......................... 10.7
Georgia .............................. 10.5
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I do not think the unemployment rate has topped.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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