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Thursday, September 23, 2010

Unemployement rises in over 50% of the states

The Labor Department said that 10 states and Washington D.C. had no change in unemployment. 13 states did have a drop in unemployment, but 27 states saw it's unemployment rise last month.

East coast is doing better than west coast. East coast unemployment is 8.8% vs. West coast which is 10.8% , the national number is 9.6%.

With the lack of jobs the housing situation continues to be an issues in western states as well.

70% of homeowners are under water in Nevada. 50% of the homes in Arizona and 33% of the homes in California.

As I have stated in my previous posts, the US needs to create jobs so we can see a real recovery from the recession that was deemed over as of June 2009.

JZ

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