Unemployment Rates Hit Record Highs in 8 States

The eight states that set records are: California, Nevada, North Carolina, Oregon, Rhode Island, South Carolina, Florida and Georgia.
Michigan’s unemployment rate rose to 14.1 percent. Read More

Obama said not long ago that we would not see unemployment-rates higher than 9 percent! What happen Obama, didn’t know what you were talking about? Obama your spending spree did not help jobs now did it?

LINKS:

(1) Housing Market Disaster Worsens
The brief moment of hope that housing had hit a bottom and that both the rate of home sales and prices would improve is slipping away. The pressures that will push prices down, by another 20% in some markets, are rising interest rates and an unemployment rate that will almost certainly go over 10% and stay there for several quarters.

(2) Obama’s Budget includes $1.6 trillion in New taxes—the Largest Tax Increase in History

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One comment on “Unemployment Rates Hit Record Highs in 8 States

  1. Unemployment of 10% plus and lasting for “several quarters” really would be the worst depression since the 30’s. No fun at all.

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