Michigan continues to lead the nation in unemployment with a rate of 15.2 percent in June, the government announced on Friday. Michigan, which saw the largest increase of any state since last month, is also the first state to surpass 15 percent unemployment since West Virginia did in 1984. Sixteen states now have unemployment rates above 10 percent.
After Michigan, Rhode Island had the next-highest rate, 12.4 percent, followed by Oregon with 12.2, South Carolina with 12.1, and Nevada with 12. Overall unemployment ticked up to 9.5 percent in June.
The Federal Reserve reported this week that its leaders don't expect things to get better any time soon:
Most participants indicated that they expected the economy to take five or six years to converge to a longer-run path characterized by a sustainable rate of output growth and by rates of unemployment and inflation consistent with the Federal Reserve's dual objectives, but
several said full convergence would take longer.
Here's a map from the Department of Labor's Bureau of Labor Statistics that shows the damage: