Jobless Rate Tops 10% in 15 States

Some unhappy numbers: Federal data released today says that national unemployment rates, currently at a 26-year high of 9.5 percent will top 10 percent by the end of the year. Unemployment rates in 15 states, as well as the District of Columbia have already surpassed 10, with Michigan, leading the pack at 15.2 percent--the first time any state has hit that mark since 1984. Federal policymakers are not too optimistic either, suggesting that it could take five or six years for the labor market and economy to stabilize.