Thursday, October 25, 2012

OBAMANOMICS: WRONG FOR FLORIDA

Unemployment: Since Obama Took Office, Florida Has Lost 86,500 Jobs And The Unemployment Rate Has Remained Unchanged At 8.7 Percent. (Bureau of Labor Statistics, Accessed 10/24/12)
•Florida's Unemployment Rate Isn't Expected To Fall Below 7 Percent Until 2016. "Florida's unemployment rate will probably not fall below 7 percent until 2016, and will be higher than the national unemployment rate until 2018." (Toluse Olorunnipa, "Economists: Florida Jobless Rate To Remain Bleak," The Miami Herald, 7/23/12)

According To The Economic Estimating Conference, Florida's Jobs Picture Will Remain Bleak Through 2016. "Florida's unemployment rate probably won't change much between now and the end of the year, and the jobs picture is set to remain bleak through 2016, a team of state economists said Monday." (Toluse Olorunnipa, "Economists: Florida Jobless Rate To Remain Bleak," The Miami Herald, 7/23/12) 
•Florida's Unemployment Rate Isn't Expected To Fall Below 7 Percent Until 2016. "Florida's unemployment rate will probably not fall below 7 percent until 2016, and will be higher than the national unemployment rate until 2018." (Toluse Olorunnipa, "Economists: Florida Jobless Rate To Remain Bleak," The Miami Herald, 7/23/12)  
•Florida's Economy "Faces A Prolonged Uphill Climb." "With a troubled real estate market and trouble brewing in Europe, the state economy faces a prolonged uphill climb, according to the Economic Estimating Conference, a group of state labor experts." (Toluse Olorunnipa, "Economists: Florida Jobless Rate To Remain Bleak," The Miami Herald, 7/23/12) 
Unemployed: Florida Has 808,471 Unemployed Seeking Work. (Bureau of Labor Statistics, Accessed 10/24/12)

Failed Stimulus Jobs: Since The Stimulus Passed, Florida Has Lost 116,500 Construction Jobs And 28,500 Manufacturing Jobs. (Bureau of Labor Statistics, Accessed 10/24/12)

Median Household Income: Under Obama, Median Household Income In Florida Has Declined From $49,916 To $44,299. ( U.S. Census Bureau , Accessed 10/24/12)
•Florida's Median Household Income Dropped 2.9 Percent Last Year, A Sharp Reminder Of The State's "Deflated Economy." "The income of the typical Florida family dropped 2.9 percent last year, one of the sharpest reminders that the Sunshine State's deflated economy remains mired in unemployment and lower-wage jobs. The decline means we will be financially challenged if we hope to spend our way out of this state's problems." (Robert Trigaux, "Florida's Household Income Slips, Signaling Tougher Recovery Ahead," Tampa Bay Times, 9/21/12) 
•The "Bulk" Of New Jobs In Florida In 2011 "Paid On Average About 25 Percent Less Than The Jobs That Disappeared." "The drop in Florida unemployment masks a troubling trend: The new jobs continue to pay far less than the ones that have been lost. The state added 114,000 jobs last year. But the bulk of them paid on average about 25 percent less than the jobs that disappeared, according to a Tampa Bay Times analysis of jobs and industry wage data." (Jeff Harrington, "Florida Still Losing Ground In Wages Despite Uptick In Jobs," Tampa Bay Times , 2/6/12)

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