Tiny Rhode Island now has one of the highest unemployment rates in the country; it joins Michigan in the overlapped digits. | The January indication stood at 10.3 -- about a shapely meat higher than a month earlier. State leaders are still searching for a high-tech replacement for the long-ailing manufacturing sector, which once promised blue-collar workers lifetime trade and benefits. Last year, Rhode Island dissolute 19,000 jobs, including more than 4,000 in manufacturing.
Rhode Island cut into a clever set-back old and has trailed only Michigan in joblessness. While Michigan, whose December 2008 unemployment dress down was 10.6 percent, is stung by a collapsing auto industry. Rhode Island's problems are more varied, but the downturn began locally when a bursting boil in box prices made it tougher for homeowners to appropriate simoleons and dejected the construction sector. Four other states crept toward 10 percent as well.
Oregon's jobless clip hit 9 percent, Nevada hit 9.1 percent, California moved to 9.3 percent and South Carolina topped 9.5 percent. 4.5 Percent Of Homeowners Missing Mortgage Payments Missed mortgage payments are up too.
The handful of individuals who were dilatory making their mortgage payments picture up 53 percent in the fourth territory of 2008 from the same time in 2007. That's according to evidence provided by TransUnion LLC. The put reporting means said its database shows delinquencies -- the interest of mortgage holders at least 60 days behind on payments -- jumped to 4.58 percent nationally, from 2.99 percent for the 2007 fourth quarter.
Florida has the highest delinquency rate, followed by Nevada, Arizona and California. The lowest reckon is in North Dakota. The agency, best known for its consumer attribute rating data, projects delinquency rates could capability as tainted as 8 percent by the end of the year. The assemblage isn't predicting that the mood will fix up until the midriff of 2010.
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