Sun Belt States Post High Unemployment Rates

Reuters is running a story about the precipitous job losses in Southern states.

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While during the house boom, these states enjoyed relatively low unemployment rates, many have now seen jobless tolls reach the double digits.

Georgia weighs in at 10%; North Carolina, 11%. South Carolina bests them both with 12.1%.

Florida has been especially hard hit because of declines in the tourism industry.

A friend of mine just moved to Charleston and she said the job market there is terrible. Everyone she knows is a server, she said. I was surprised.

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Filed under Featured, The Housing Crisis

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