March Unemployment

A few days ago, the Bureau of Labor Statistics (BLS) released their state by state unemployment report for March and it is uglier than the proverbial junkyard dog.  The stock market is only 8% below its level of 3 years ago, before the loss of over 8 million jobs.  If you live in one of the worst hit states – California, Nevada, Michigan, Florida, Rhode Island and S. Carolina – the real unemployment, or U6 rate, is probably over 20%.  That rate includes people working part time because they can’t find a full time job and those who have given up looking.  Here’s the ugly picture based on data from the BLS.  Click to enlarge.

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