We’re #2! We’re #2!March 30th, 2012 at 12:41 pm by Ted Nesi under Nesi's Notes
… at least when it comes to unemployment rates:
Many of the states hit hardest by the housing bust are also showing signs of health. Florida’s unemployment rate has fallen to 9.4 percent from 10.8 percent a year earlier. California’s rate is still painfully high at 10.9 percent. But it has dropped from 12 percent a year ago, a sign of progress.
Nevada has the nation’s highest unemployment rate, at 12.3 percent. The state lost 12,800 jobs last month, the most of all states. That was also the biggest percentage job loss of any state.
Rhode Island’s unemployment was the second highest, at 11 percent, up slightly from the previous month. Its rate hasn’t improved much, declining only 0.3 percentage points in the past year.
Update: As if that wasn’t enough, Calculated Risk adds this grim statistic:
Only three states still have double-digit unemployment rates: Nevada, Rhode Island, and California. This is the fewest since January 2009. In early 2010, 18 states and D.C. had double digit unemployment rates.
As you can see from the CR chart at right, Rhode Island has had relatively little decrease from its peak unemployment rate compared with other states. Also, Michigan’s recovery looks pretty extraordinary.