State Unemployment Rates

Bill McBride at Calculated Risk does his usual excellent job of reporting economic data;

He just reported the state unemployment rates and published a chart comparing the current rate with each state’s peak rate.

One very significant point that popps up in this chart is that Michigan and Ohio appear to have had the greatest improvement in their unemployment rates since their unemployment rates peaked.  I think this is an important thing to consider when we evaluate the impact of the auto bailout and why Obama appears to be leading in the Presidential polls in those two states.