Michigan leads with highest unemployment rate

The Bureau of Labor Statistics released the unemployment rates for each of the 50 states, and Michigan took the unenviable honor of leading the nation and watching its unemployment rate rise from 14.1% in May to 15.2% in June.

The report highlights how layoffs in the auto industry have taken a severe toll on the state's economy.

Other states that ranked high included California at 11.6%, Florida at 10.6%, and Nevada, which came in at 12.0%. The recession in California has gotten plenty of attention nationally because of the problems the state's economy has had on its budget.

On the flip side, North Dakota registered the lowest, with an unemployment rate of just 4.2%, followed by Nebraska and South Dakota, at 5.0% and 5.1%, respectively.

All in all, 16 states, including the District of Columbia, now have an unemployment rate that exceeds 10.0%. Unfortunately, that number seems destined to rise.