Sunday, March 8, 2009

Florida's Unemployment Rate Jumps to 8.6%

The jobless situation in Florida continues to worsen. According to Forbes, the sunshine state's unemployment rate reached 8.6% in January of 2009---The highest rate since 1982's high of 8.9%.

The unemployment rate in Florida was also 1 percentage point higher than the National Average for January (7.6%).

There were 100,000+ fewer jobs in the construction industry in January, 2009 in Florida vs. January 2008---Clearly this is the result of a slowing real estate market as new construction homes are only trickling onto the market.

One small bit of good news for the jobless in Florida is that the Governor has signed up to receive funds that will increase the weekly unemployment insurance check by $25/week courtesy of the Obama stimulus package.

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