The February 2009 State Unemployment numbers were released this past week and they were not pretty. Every state in the U.S. saw its unemployment rate increase.
Bureau of Labor Statistics (BLS) also released March Unemployment, along with Feb state data, and the nationwide unemployment rate increased again to 8.5% nationwide. It was 8.1% in February.
Seven States had unemployment above 10% in February. Michigan was the Worst State for Jobs with a whopping 12% unemployment number. South Carolina, Oregon, North Carolina, California Rhode Island and Nevada also qualify as Worst States for Employment as the 6 other states with unemployment above 10% .
The Best State for Jobs based on a low 3.9% unemployment is Wyoming. 4 other states qualify as Best States for Employment with rates still below 5%. They are: Nebraska, North Dakota, South Dakota and Iowa.
Some of the state year on year changes are quite large. Unemployment increased by over 100% from last year in Hawaii and Oregon for example. Of the large states, Texas is holding up the best with unemployment of only 6.2% in February which was below the U.S. Feb average of 8.1%.
State data is released with a one month lag so expect March state unemployment to get even worse as unemployment increased nationwide in March by .4%.
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Source: Bureau of Labor Statistics