Sunday, March 28, 2010

State jobless situation little changed

A total of 27 states reported rising unemployment rates in February, while rates decreased in seven states and the District of Columbia, according to a government report released Friday.

The White House announced new steps on Friday to help the unemployed and those who are "underwater" with a bigger mortgage than their home is worth. For some unemployed borrowers, the effort would require servicers to reduce or suspend monthly mortgage payments for up to six months.

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