Unemployment rises in all 50 states
Leaders at the Michigan State Capitol are no doubt scratching their heads over how to help their state, which has the highest unemployment rate in the U.S.
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Well, the States are United on one thing for sure: All 50 states had a higher unemployment rate in December than they did in November. The rate was also higher in all 50 states than it was in December 2007.
The unemployment bureau began recording these statistics in 1976, and it is the first time that every state’s unemployment went up compared to the previous month. Although payday loan lenders have seen more business during the recession, unemployed workers often can’t get payday loans, so no fax payday loan lenders may start seeing fewer customers instead of more as the economy worsens.
A rough Rhode
Michigan and Rhode Island have been hit hardest by the unemployment wave. Rhode Island’s unemployment hit 10 percent in December. It is the state’s highest unemployment rate in three decades. That number, however, only includes people hunting for jobs. It does not include people who left the work force to go back to school or just plain gave up on looking.
Michigan’s December unemployment rate was 10.6 percent, a 24-year high for the state and the highest in the country. Detroit’s main industry is car manufacturing, so as the auto industry crumbles, so does Michigan’s economy. The national unemployment rate is 7.2 percent.
Staying trendy
With the rate that jobs are being cut and people are being laid off, this trend is likely to continue. Layoffdaily.com listed nearly 50 companies who announced before noon Pacific time today that they are cutting jobs and laying off workers.
The big ones
Electronics maker NEC Tokin announced it will eliminate 9,450 jobs worldwide. Corning glass company will slash 3,500 jobs this year. IBM has already cut more than 2,800 jobs. Target also announced it will make layoffs, but it wouldn’t disclose how many workers will be affected. Check back with your no fax payday loan source later to find out how many Target jobs will be cut.
This is really very shocking but the government should do something for it.
Government officials should quit wasting their time bickering what’s more important. There are too many people on the sideline shouting in orders and creating a vast distraction. The country is obviously running with no direction. We need some grounds set and people must learn to become more humble and respectful.
This is getting out of hand. I hope that congress can get this stimulus package passed quick, so we can get the economy moving again, and get people back to work.