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?
(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.