This post by Jill Schlesinger originally appeared on CBS' MoneyWatch.com.
The BLS released the monthly state unemployment report and you could almost hear the state cheer echo from Michigan: "Thank goodness for Nevada!"
Nevada claimed the highest unemployment rate mantel in May, at a whopping 14%, followed by Michigan at 13.6%. It was the first time since April, 2006 that a state other than Michigan held the top spot. Jobs, along with housing, are the big hurdles the economy faces and nowhere is that more evident in NV, MI, CA (12.4%) and RI (12.3%). On the last two, at least CA could delight in the Lakers win over the Celtics-there was little to comfort the residents of the Ocean state!
The lowest rates can be found in ND (3.6%), SD (4.6%) and Neb (4.9%).
Jill Schlesinger is the Editor-at-Large for CBS MoneyWatch.com. Prior to the launch of MoneyWatch, she was the Chief Investment Officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.