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

Unemployment Tops 10 percent in the District

And unemployment in 15 other states has also settled into double digits in June, according to federal data released Friday. Maryland and Virginia, however, were not on the list.

Michigan's unemployment rate now sits at 15.2 percent, a first for any state since 1984, when West Virginia suffered from a 15-percent unemployment figure.

The Federal Reserve projects that the national unemployment rate, currently at 9.5 percent, will pass 10 percent by the end of the year. Most Fed policymakers said it could take as long as six years for the economy and the labor market to recover, the AP reports.

The other 14 states where unemployment topped 10 percent last month: Alabama, California, Florida, Georgia, Illinois, Indiana, Kentucky, Nevada, North Carolina, Ohio, Oregon, Rhode Island, South Carolina and Tennessee.

--Kim Hart

By Kim Hart  |  July 17, 2009; 3:58 PM ET
Categories:  The Ticker  
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