Unemployment Sweeps Nation
NEW YORK (CNNMoney.com) — Unemployment spiked in all states nationwide in December for the first time as companies shed hundreds of thousands of positions, federal data released Tuesday shows.
All 50 states and the District of Columbia recorded unemployment rate increases compared with the previous month and the year prior period, the Bureau of Labor Statistics of the U.S. Department of Labor reported.
The report marked the first time every state recorded a rise in monthly unemployment since the bureau began keeping such records in 1976.
Michigan and Rhode Island once again led the nation with the highest jobless rates at 10.6% and 10% respectively. Rhode Island’s rate is the highest in more than three decades.