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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Washington Area Unemployment Rates Rise Again

The Washington D.C. region's unemployment rate rose again in January, according to numbers from the Labor Department's Bureau of Labor Statistics released moments ago.

The District's unemployment rate in January jumped to 9.3 percent from 8.8 percent in December. Virginia's January unemployment rate rose to 6 percent, up from 5.4 percent the previous month and Maryland's rate rose to 6.2 percent, up from 5.8 percent.

Michigan has the highest unemployment rate in the nation at 11.6 percent. The Michigan number is not surprising, considering how much the state depends on the Big Three automakers.

At the other end of the scale is Wyoming, which has the lowest unemployment rate at only 3.7 percent. Wyoming's economy is based on agriculture and mining.

The government's January numbers are based on a national unemployment rate of 7.6 percent, which has since risen to 8.1 percent.

The five states with the highest unemployment rate are:

1. Michigan: 11.6 percent.
2. South Carolina: 10.4 percent.
3. Rhode Island: 10.3 percent.
4. California: 10.1 percent.
5. Oregon: 9.9 percent.

The five states with the lowest unemployment rate are:

1. Wyoming: 3.7 percent.
2. North Dakota: 4.2 percent.
3. Nebraska: 4.3 percent.
4. South Dakota: 4.4 percent.
5. Utah: 4.6 percent.

The recession has hit North Carolina and South Carolina especially hard, as each state reported a 4.7 percent gain in job losses compared to January 2008, the largest of any state.

-- Frank Ahrens
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By Frank Ahrens  |  March 11, 2009; 10:36 AM ET
Categories:  The Ticker  | Tags: unemployment  
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With South Carolina almost at the top of the unemployment list, I hope the people of that state provide pink slips to all their arrogant and neanderthal politicians in Washington and the statehouse.

Posted by: bishopk98 | March 11, 2009 12:52 PM | Report abuse

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