Jobless rates up in every state
While some states fared better than others, December was a cruel month for many workers nationwide, and economists predict job losses will continue for the rest of this year.
All 50 states recorded an increase in the jobless rate in December and an overall spike since last year, the U.S. Bureau of Labor Statistics said Tuesday (Jan. 27). The national unemployment rate rose from 6.8 percent to 7.2 percent — compared with 4.9 percent a year ago.
The numbers of people losing jobs last month varied widely from state to state.
Michigan (10.6 percent) and Rhode Island (10 percent) posted the highest rates of unemployment, while Wyoming (3.4 percent) and North Dakota (3.5 percent) had the lowest. Ten states had jobless rates significantly higher than the national average and 22 states reported much lower rates.
Source:
Jobless rates up in every state
stateline.org
This current situation we have with unemployment is due to government pushing it’s liberal agenda into the lending arena. Policy and procedure, laws and regulations that has worked since credit come into existence, became the target of Congress and, as could be predicted, all went to Hail. This came on slowly (beginning in the 30s and now), is full blown with crippling outcome measures. When the Feds get involved, common sense get’s dissolved…..plain and simple.
For some reason, the Feds thought they could buy votes by allowing those with bad credit secure a home loan. The Feds were correct. They were indeed able to buy the votes and, appears to have now, ‘Bought the Farm’. It appears that the Credit Policies of old hold true. Those who have a history of bad credit will continue this trend or, at least, a majority will. History is just sooo amazing, isn’t it Barney, Chrissy?
Let’s see. The Feds got involved with our Prisons, Schools, Housing and now Lending Institutions. Tell me what happened?! Ok, I will. Crime has exploded along with Ignorance and the will to work for anything (to include a home with a mortgage). Thank you Mr. and Mrs.Liberal Parasite. We’ll keep working while you keep jerking.