Ohio unemployment problem gets $600 million in aide

The enormous unemployment problem is felt hardest in fewer places than in Ohio, were just over 10 percent of the population is unemployed according to the U.S. Bureau of Labor Statistics as of this writing.

The unemployment problem in Ohio and states like North Carolina, Oregon, Rhode Island and South Carolina, has lead to huge foreclosure problems. To combat that, The Obama Administration has established a $600 million aide program for states that have jobless claims of at least 12 percent per year, according to The Wall Street Journal. At just over 10 percent, Ohio comes close enough.

The Treasury Department has already sent over $1.5 billion from its fund for states that have been most severely impacted including Arizona, California, Florida, Michigan and Nevada, and will announce a new addition of $2 billion, which will come from the Troubled Asset Relief Program (TARP) funds.