27 States See Unemploment Rates Rise

While the recession is technically coming to an end, unemployment continues to be a problem in the United States. According to the Labor Department, 27 states saw their unemployment rate rise in the month of August. Across the nation, 14 states now boast an unemployment rate at higher than 10%.

In August, 42 states lost jobs. Compared to July, there were 13 more states that reported job losses. The worst hit states were Texas, Georgia, Ohio and Michigan — in terms of the largest drop in net payroll.

Currently, the U.S. faces an unemployment rate of 9.7%. While that is a scary number, experts believe that the worst is yet to come. At some point in 2010, experts predict that the unemployment rate will peak at a percentage higher than 10%.

The total number of job losses shows some progress. After the nation lost more than 275,000 jobs in July, that number dropped to around 215,000 jobs in August. Since the beginning of the economic trouble, nearly seven million jobs have been lost in the United States.

Looking for a job (Image: Flickr)