Posted by Andrew Moran
NEW YORK (CNNMoney.com) -- The unemployment rate jumped last month in 49 states, with Michigan leading the way, the U.S. government reported on Friday. Nebraska was the only state to escape rising joblessness.
The near-collapse of the auto industry pushed Michigan's unemployment rate up to 12% in February, seasonally adjusted, according to the U.S. Department of Labor.
Sky-high unemployment rates were also reported in South Carolina (11%), Oregon (10.8%), North Carolina (10.7%), California and Rhode Island (10.5% each), and Nevada (10.1%).
The most drastic month-to-month increases in the unemployment rate were reported in North Carolina and Oregon, which each saw an increase of 1%. New Jersey also saw a dramatic surge, climbing 0.9% in February.
John Lonski, chief economist for Moody's Investors Service, said that many of these states - including Michigan, Rhode Island and the Carolinas - are struggling because they are heavily reliant on the sluggish manufacturing industry. Click here to continue reading...
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