Unemployment continues up: shockingly so in some Southern States

Submitted by bizgrrl on Sat, 08/16/2008 - 13:51.

Tennessee's unemployement rate hit 6.9% in July, the highest it has been since May, 1987. The unemployment rate was 6.5% in the previous month. Georgia's unemployement rate is up to 6.2%, the highest since March, 1993. Florida's unemployment rate is 6.1%, the highest since 1995. Mississippi's unemployment rate is is up to a whopping 7.9%. Then there's South Carolina's unemployment rate of 7%, up from 6.1% in June. North Carolina's unemployement rate is 6.6%, up from 4.7% a year ago. Alabama's doing the best of these Southern States with an unemployment rate of 5.1%, up from 4.7% in June. The only one of these Southern states less than the national unemployment rate.

The US unemployment rate is at a low 5.7%, up from 5.5% in May and June.

We have less than six months until someone new is in the President's seat. How bad can it get in six months?


How bad can it get in six

How bad can it get in six months?

Don't ask.

The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike.

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