More States Hit Double-Digit Unemployment Rates

5.1 million drawing unemployment in U.S.

In December, only Michigan had an unemployment higher than 10 percent. In January three more states joined that club: Rhode Island, California and South Carolina. Nationwide, 5.1 million people are collecting state unemployment benefits.

Some economists have expressed concerns that the national unemployment rate would reach 10 percent by the end of the year. Now even more are predicting that could happen.

Top four breakdown

Michigan still has the highest unemployment rate in the country, and that rate hit 11.6 percent in January. Next on the list, with the dubious honor of second-highest unemployment rate, is South Caroline with 10.4 percent. Rhode Island is third with 10.3 percent.

Finally, the most populous state in the country, California, has a 10.1 percent unemployment rate.

Unemployment up everywhere — almost

In January, 49 states  and District of Columbia all had higher unemployment rates than they did in December. The lucky state that actually saw a drop in unemployment? Louisiana. Unemployment fell from 5.5 percent in December to 5.1 percent in January.

Of course, the unemployment rate only measures the number of people drawing benefits while actively looking for a job. People who are looking for work but living on personal loans or some other money source and not drawing state unemployment aren’t counted in the rating. Reports say 12.5 million Americans are looking for jobs. ... click here to read the rest of the article titled "More States Hit Double-Digit Unemployment Rates"