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Tipsheet

15 States' Unemployment Rates Now Top 10%

New numbers out today from the Federal Reserve: Unemployment rates in 15 states (and DC) now top the 10% mark.  The nation's unemployment average currently sits at a 26-year high of 9.5 percent and is expected to surpass 10% by the end of the year.  Michigan still retains the title of the nation's highest unemployment rate, topping out at 15.2% in June--the highest rate the state has seen since 1984.
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In addition, most Fed policymakers said it may take "five or six years" for the economy and the labor market to get back on track.

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