A vast majority of states have recorded increases in their unemployment rates over the passes few weeks as the job market seems to be stuck in neutral.
In early August, The Labor Department had reported that the national unemployment rate remained at 9.1% for the passed two months.
States like Nevada and California recorded the highest jobless rates in the country due to the fact that they had been hit the hardest by the housing crisis. Nevada is leading at 13.4% and California isn’t too far behind siting at 12.1%.
And with continuos budget cuts as well as cuts in retail and manufacturing; the next few months don’t look to be getting any easier.
Even with Obama’s most powerful speech yet, trying to pass his new Jobs Bill has been looking rough over that passed few days. With his idea of everyone paying their fair share of tax, the wealthy people are still upset that they will be having to pay higher taxes.