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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (441448)12/19/2008 1:01:28 PM
From: tejek  Respond to of 1574212
 
Michigan again has highest jobless rate in U.S.

12.19.08, 11:36 AM EST

By Lisa Lambert

WASHINGTON, Dec 19 (Reuters) - Michigan again had the highest monthly unemployment rate of all U.S. states in November, with the percentage of unemployed workers jumping to 9.6 percent from 9.3 percent in October, the Labor Department said on Friday.

Rhode Island was close behind with an unemployment rate of 9.3 percent. In October, the two manufacturing-heavy states had tied for the highest jobless rates.

Oregon recorded the largest over-the-month rate increase for the second month in a row, and 37 states and the District of Columbia all reported rises in their unemployment rates.

In November, the number of people employed rose in nine states and fell in 41 states, the department said. Florida lost the most jobs at 58,600.

Michigan, home to the three major U.S. automobile manufacturers, has long staggered under the weight of car companies' slumping finances, with both General Motors (nyse: GM - news - people ) and Chrysler LLC recently idling plants and laying off thousands of workers.

The state has had to increase cash assistance it provides under a federal program to help families in need by 1.8 percent this fiscal year and now gives $88 for clothing to each child in the program, according to a fiscal survey conducted by the National Governors Association and National Association of State Budget Officers.

Rhode Island, located in New England, is suffering from plummeting real-estate values and a loss of manufacturing jobs that began in the 1960s. About 47,000 households, or 11 percent of the state, cannot afford food, according to the Rhode Island Community Food Bank.

Due to declining tax revenues the tiny state ended fiscal 2008 with a deficit of $33.6 million, according to the fiscal survey. In order to eliminate potential budget gaps, the state government laid off many of its own workers, but still had to tap its rainy day fund, reduce local food aid, raise fees and cut spending.

forbes.com