WASHINGTON -- Four states � California, South Carolina, Michigan and Rhode Island � registered unemployment rates above 10 percent in January, and the national rate is expected to hit double digits by year-end.
Michigan's jobless rate jumped to 11.6 percent in January, the highest in the country. The second-highest jobless rate was South Carolina at 10.4 percent. Rhode Island was next at 10.3 percent, which marked an all-time high for the state in federal records dating to 1976. California rounded out the top four.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, March 12, 2009
Four States See Double-Digit Jobless Rates
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