Unemployment On The Rise, Will Benefits Be There

Unemployment rates in all 50 states rose in December, according to a report issued by the U.S. Department of Labor Tuesday.

While numbers are worst in the Midwest and West, areas hit hard by the downturn in housing and manufacturing which continue to decline, the Northeast saw unemployment rise in the financial industry and the Southeast lost the buffer of high energy prices that helped stem job losses there.

The report shows that almost two million jobs in the last four months of 2008, putting strain on state budgets and exhausting state unemployment funds.

The economic stimulus plan working its way through Congress includes money to help states struggling to bridge budget deficeits, but will there be enough money to replenish already depleted unemployment funds?


Leave a Reply