Jobless Rates Jump in 26 States

16 states' unemployment at least 10%
By Matt Cantor,  Newser User
Posted Aug 21, 2009 2:05 PM CDT
Hundreds jam a hallway waiting to enter the National Career Fairs job fair event in search of employment at a hotel in San Francisco, Wednesday, March 11, 2009.   (AP Photo/Eric Risberg)
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(Newser) – Jobless rates climbed in 26 states last month, suggesting employment recovery will be slow and governors may face worsening budget woes, Bloomberg reports. Unemployment in California, Georgia, Rhode Island, and Nevada was at its highest since record-keeping started in 1976. While California’s rate rose from 11.6% to 11.9%, unemployment was 10% or higher in 16 states.

The statistics support predictions that national unemployment will hit 10% by early next year. “State revenues could fall short of expectations if consumer spending doesn’t pick up and if the labor market fails to improve,” says an analyst. “We’re going to see higher unemployment over the month ahead.”