Saturday, January 28, 2012

Florida's Unemployment Rate Drops To 9.9% In Florida

Florida has seen a slow, gradual drop in unemployment figures since December of 2010- finally hitting its lowest in two years for January of 2012... 9.9%.

9.9% is .3% lower than December of 2011's 10.3%, as most are optimistic of the Florida Jobless situation's recovery.
Florida Unemployment

However, there has been much debate lately of how the Florida Unemployment rate is even determined, and whether or not the actual unemployment figures released account for the amount of jobless individuals.

...most experts think otherwise.

"The US Labor board has been releasing completely bogus unemployment numbers to say the least. The general public has overlooked what happens to unemployment when there is a shrinking in the labor force numbers all together- of course its going to naturally drop. What the public's REAL concern is, how many more or less people have jobs now than before? When presented with the true jobless figures is when one wakes up to smell the real coffee."  - stated Jennifer Campbell, Unemployment-Extension.Org.

#florida #unemployment


Contributed By:
Mark Quinones
Orlando Herald
Editorial Columnist


Thursday, January 12, 2012

Florida Casinos Plan To Help State Unemployment


Florida will become the most populous state with full casino gambling outside American Indian control under a proposal that has cleared its first legislative hurdle.

The decision was a win for Malaysia’s Genting Bhd., which controls Asia’s second-biggest gaming company by market value. Yesterday’s vote in the Senate Regulated Industries Committee would allow the fourth-largest state by population to have as many as three Las Vegas-style casinos, with dealers and table games in addition to slot machines.

Genting Malaysia Bhd., a unit of Kuala Lumpur-based Genting, has pitched lawmakers on a $3.8 billion casino-and-hotel complex on Miami’s Biscayne Bay as an antidote to the state’s 10 percent Florida unemployment rate in November, ahead of the national unemployment rate of 8.7 percent. It also has plans to build the biggest convention center in the U.S., in New York City where it last year opened a casino at the Aqueduct Racetrack in Queens.

“The potential legalization of commercial gaming in Miami and table gaming in New York could provide a boost to earnings growth,” UOB-Kay Kian Holdings Ltd. analysts Vincent Khoo and Moey Su En wrote in a report today.

Genting Bhd. fell 0.7 percent to 11.06 ringgit at 9:45 a.m. local time in Kuala Lumpur trading today, while Genting Malaysia dropped 0.5 cent. The benchmark FTSE Bursa Malaysia KLCI Index (KLCI) was little changed.

The Florida measure is opposed by the Walt Disney Co. (DIS), the world’s biggest theme-park company, whose flagship Walt Disney World is near Orlando. Hoteliers, restaurant owners and betting parlors who say they’ll lose business to destination casinos also are lobbying against the bill.

Governor Rick Scott, a Republican who took office last year, hasn’t signaled whether he supports the plan. His insistence that any county that wants to land one of the resorts first get voter approval was included in a rewrite of the bill last week.

“This is the beginning of the discussion,” Republican Senator Ellyn Bogdanoff, the bill sponsor, said during the hearing at the state Capitol in Tallahassee.

#Florida #Unemployment

By Mark Quinones - Unemployment-Extension.Org.

Casino Debates in Florida: Will it Help Or Hurt Unemployment?


Even in a still-recovering national economy, 2012 begins with good news on Florida's economic horizon. Unemployment is at its lowest rate in nearly 30 months, foreclosures are down, and we are seeing positive population growth. And most impressively, Florida was one of the top three states for private-sector job growth in 2011.

When it comes to securing Florida's future, we're on the right track — and that is not by accident. The Florida Chamber of Commerce has been working diligently with state and regional leaders on a framework to attract and create solid jobs for Floridians, with a focus on diversifying Florida's economy with high-wage, high-skill STEM-related jobs.


As we mark our progress and continue to embrace a positive agenda for significant and substantive economic growth, there is a serious threat facing our state. Masquerading as job creators, out-of-state and foreign casino operators are pushing a misguided plan to open our state to Las Vegas-style mega-casinos. In true Las Vegas fashion, they're spending millions of dollars pushing pie-in-the-sky promises of hitting a large jackpot in an effort to entice our leaders to risk Florida's overall economic development strategy, including our worldwide reputation as both a family-friendly destination and our increasingly innovation-related industries.

The destination casino gambling scheme is simply a bad bet for Florida unemployment.




Such a massive gambling expansion will cannibalize existing businesses and harm Florida employers, and it will cost — rather than create — good jobs. When mega-casinos were introduced to Atlantic City, 40 percent of restaurants and approximately 30 percent of retail shut down. Nevada — with all of its casinos — has led the nation in unemployment, foreclosures, violent crime and personal bankruptcy.

We believe what happens in Vegas should stay in Vegas.

When these out-of-state gambling promoters brought their proposal to the Sunshine State, the Florida Chamber was the first statewide organization to oppose them. We since have been joined by a growing coalition of key leaders and organizations, including the Florida Retail Federation, the Florida Restaurant and Lodging Association, Attorney General Pam Bondi, Chief Financial Officer Jeff Atwater and Agriculture Commissioner Adam Putnam. Our growing coalition is increasingly concerned that this is a bad bet for Florida.


Debate surrounding gambling regulatory reforms should not be used as a Trojan horse to establish one of the world's largest Las Vegas-style casinos in our state.

Instead of betting on expanded gambling, Florida should continue on the path toward offering a world-class education, diversifying our economy, streamlining government systems and lowering the cost of business for Florida's job creators.

That's why we have worked through the Florida Chamber Foundation, in collaboration with the state business leaders, to identify the Six Pillars of Florida's Future — areas identified as critical to securing a solid and bright economic outlook. Data show, unequivocally, that these efforts are bearing fruit, and we must not let up. With the beginning of our annual legislative session, we will bolster these gains by pushing an aggressive jobs growth agenda.

This seriously flawed plan being pushed by out-of-state and foreign gambling giants is nothing but a huge distraction that takes Florida's focus off more meaningful economic options and actions that need to be pursued. Now is not the time to lose focus on the importance of improving education, diversifying our economy and growing private-sector jobs that will help secure Florida's future. We can't do that if Florida is detoured by gambling's house of cards.

As Florida's economy recovers and our population continues to grow, let's not lose sight that out-of-state casinos need Florida — Florida doesn't need casinos.

You can help protect a better future for Florida. Contact your state legislators and urge them to reject Las Vegas-style mega-casinos in Florida and to build our economy the right way.

#Florida #Unemployment


Written By: Mark Quinones, Editorial Columnist

Miami-Dade County Fights Unemployment Deficit


With Miami-Dade Mayor Carlos Gimenez’s veto of the County Commission’s vote against imposing a 5-percent cut on two unions, commissioners have the opportunity to keep 550 people — including 299 police and corrections officers — off the unemployment line and working, providing crucial services to residents while contributing to the economy while fighting unemployment.

By voting against the 5-percent cut in pay for those two unions, which would save $35 million, commissioners set the stage for every one of the county’s unions to join the “Just say No” strategy — potentially increasing the budget hole to $65 million this year.

We don’t blame the unions. Their mission is to protect every benefit their members get, and they have gotten many over the years when times were flush. As it is, the mayor crafted the 5-percent contribution toward the healthcare fund in a way that would not lower workers’ salaries for retirement calculations, yet unions still refused and went to impasse.

Commissioners have a responsibility to the voters who elected them to find a reasonable way to keep county services running without raising taxes on weary residents still struggling in this economy. The majority who voted against the 5-percent contract concession are failing in that respect.

At last week’s commission meeting, some commissioners questioned the legality of a 5-percent cut to go toward health insurance on top of another 5 percent that county workers already contribute, even though a legal analysis gave the green light.

Other commissioners decided it was better to have fewer cops on the street and to close a jail if needed so long as the union’s benefits remained so that workforce “morale” wouldn’t suffer. It’s hard to fathom how unemployment wouldn’t affect the morale of those let go. Supervisors, who belong to the other union, also got a pass.

Another difficulty: Union contract rules require that those last hired must be the first fired, meaning more people will have to be let go to get to the bottom line because the most recent hires earn less than the long-timers.

Some commissioners want the mayor to squeeze other parts of the budget to get to the needed savings, but it’s tough to find other Florida unemployment programs to squeeze without hurting county services. As it is, the county has laid off workers several times since the Great Recession hit South Florida, and the mayor’s reorganization of departments is looking to strategically let go of supervisors in top-heavy departments — not to cut willy-nilly across the board. Commissioners should press the mayor to deliver a timetable on that initiative.

Complicating the matter: This is an election year. A majority of commissioners voted to back Mr. Gimenez’s proposal last summer to set the property tax rate back from former Mayor Carlos Alvarez’s controversial increase that commissioners narrowly approved a year earlier — a move that prompted the historic recall of the mayor and a commissioner. The effect of these changes on the Florida unemployment rate is yet to be seen.

Overriding the mayor’s veto might make good politics for commissioners running for re-election this year or wishing to be mayor, but it’s fiscally irresponsible and dangerous to force layoffs, particularly when unincorporated areas count on county police for protection. Neighborhoods in unincorporated areas in or near Liberty City, South Miami, Kendall and Westchester are among those likely to lose out the most on safety.

The mayor has been meeting with commissioners to get their ideas. Good. When they meet Jan. 24 they can vote, head high, for keeping workers on the job.

Author: Mark Quinones, Unemployment-Extension.Org.

#Florida #Unemployment

Miami's Unemployment Improvement for 2012


Miami-Dade fares fairly well in the hiring race, except when it comes to well-paying jobs.

Federal data released Tuesday put Miami-Dade in 39th place for employment growth among counties across the country. But it placed 109th in terms of wage increases.

“That’s disappointing, to put it mildly,’’ said Robert Cruz, the county’s official economist.

Broward, a smaller labor market, fared worse. It ranks 216th in employment growth between the second quarter 2010 and the second quarter of 2011, according to the Bureau of Labor Statistics report. Broward finished 153rd on the wage-increase rankings.

Miami-Dade’s divide mirrors the ups and downs of South Florida’s unemployment & economic recovery, where low-paying tourism jobs led the way for much of 2010 and 2011. High-paying management, finance and professional jobs have lagged.

That may be changing, particularly in Miami-Dade. While tourism stills account for nearly 60 percent of new jobs in Broward, healthcare and professional services combined are creating 54 percent of Miami-Dade’s new jobs.

A higher average wage could reflect employers increasing employees’ hours amid an improving economy, said University of Central Florida economist Sean Snaith. He doesn’t think companies are offering more pay to attract workers.

“I don’t think it’s an indication that the labor market has gotten tighter,’’ he said. “There is too much unemployment.”

Tuesday’s report puts the average weekly wage for Broward at $837 and $876 for Miami-Dade. Both were up from a year earlier: The average Broward worker saw a 2.6 percent increase in Florida unemployment, and in Miami-Dade the boost was 3.2 percent.

The federal survey showed employment grew about 2.2 percent in Miami-Dade but was flat in Broward.

Though they failed to break the Top 20 nationally — top honors went to Williamson County in Texas, with a stunning 18 percent increase in wages — Broward and Miami-Dade held their own in the Sunshine State.

Within the top five labor markets, Miami-Dade placed first in wage growth and Broward placed second. Miami-Dade also had the highest average weekly wage of the state.

#Florida #Unemployment

Mark Quinones
Editorial Columnist
Unemployment-Extension.Org

Floridians Suffer From Continued Unemployment Problem


The good news keeps getting easier to find in the monthly job reports. 


Economists cautiously applauded Friday's announcement that employers nationwide added 200,000 jobs last month, sending the U.S. unemployment rate down to a nearly three-year low of 8.5 percent. Almost all of the country's major industries are now expanding payrolls, while layoffs have dropped sharply. Wages climbed slightly in December, as did the average workweek. 


"There is more horsepower to this economy than most believe," said Sung Won Sohn, an economics professor at California State University. "The stars are aligned right for a meaningful economic recovery." 


Analysts still found ample reason for caution in the December employment report, noting the economy faces big threats from Europe and the U.S. housing depression. And some questioned whether the federal data even captures reality. But the report of surprisingly strong hiring growth brought a change in tone from past reports, when new jobs were dismissed as too small to matter much. 


"In the middle of the year, things kind of stalled and everyone got a little scared,'' said Bruce Steinberg, a consultant in Alexandria, Va., who tracks the labor market. "Not too long ago, there was a lot of talk about a potential double-dip recession. I don't think anybody is saying that now." 


The hiring upswing dovetailed with a change in fortunes for Tania Solis, who lost her job two years ago as the manager of a Miami Beach swimwear shop. Money got so tight that Solis sent her teenage daughter to Puerto Rico to live with family. 


But three months ago, Solis landed a job as a sales clerk at Swimland Shops in the Gulfstream Village mall. The pay is about $6 less an hour, but Solis is grateful to have her daughter back home. 


"Things are getting better,'' she said. 


Barney Weinkle thought the job numbers masked a more discouraging reality. 


"I don't think the lowered unemployment rate is really representative of what's going on in America today," said Weinkle, owner of a sports collectibles shop and a pizzeria at Gulfstream in Hallandale Beach. "People are struggling, doing jobs that they don't want to do." 


He counts among his pizza workers a recent college graduate, and the owner of a defunct construction company. "The prospects of the economy coming back quickly are not good," Weinkle said. 


Local employment data for December won't come out until Jan. 20. In November, Broward's unemployment rate was 8.9 percent, slightly above the national rate. Florida Unemployment hit 10.2 percent in Miami-Dade. Both were the lowest since early 2009. The national unemployment rate was the lowest since February 2009. 


SKEPTICISM 


Mark Vitner, a Wells Fargo economist who follows Florida, gave Friday's report a middling grade, saying he was skeptical the encouraging numbers were justified. 


"I would love for this to be the start of a virtuous cycle,'' Vitner said, using a term for job growth fueling higher spending, which in turn prompts companies to hire more. "But I am almost certain we are going to see more bumps in the road." 


The ongoing real estate crisis continues to work against the job market in South Florida. Nationally, construction jobs were up almost 2 percent in December. Construction employment in Broward is down 34 percent compared to the prior year, making it the county's hardest-hit sector. Miami-Dade is losing three times as many finance jobs as it is construction workers, as a ravaged lending industry continues to lick its wounds. 


At Miami's Apollo Bank, Chairman Eddy Arriola plans on bucking his industry's employment trends by bringing on a few new executives this year. The new bank is opening branches in Coral Gables and Miami Lakes, and Arriola said he has an ample supply of candidates for all positions. 


"There are a lot of people either available or looking,'' he said. "If I wanted to book 40 hours a week with people just wanting to talk about jumping ship, I could." 


Manufacturing also remains a drag on hiring in South Florida, continuing an unemployment decline that began in the late 1990s. Manufacturing has been on the rebound nationwide since early 2010. 


HOT JOBS 


This year, most of the new jobs in South Florida and the nation as a whole have come from the same three industries: healthcare, professional services and tourism. 


Broward is up about 4,700 jobs since last year, and almost 60 percent of the new positions come from tourism. 


Miami-Dade is enjoying a broader recovery on the hiring front, adding nearly 18,000 new jobs from a diverse list of industries. The combined category of health and education accounted for 30 percent of the new jobs during the last 12 months. Professional services holds the No. 2 slot, at 24 percent. Retail finishes third at 17 percent, followed by tourism 11 percent. 


Thanks largely to South Florida's ties to Latin American markets, the transportation and warehousing sector also remains a bright spot for jobs. Transportation and warehousing accounts for about 7 percent of South Florida's new jobs, almost double the national average. 


"It's pretty busy here,'' said Luis Benitez, director of operations for Goya's new warehouse in western Miami-Dade. The maker of foods with a Latin flair brought in about a dozen new workers this summer for the expanded facility, which ships goods throughout Florida. Two shifts span 18 hours, from 7 a.m. to 1 a.m. Benitez said the hardest jobs to fill are skilled truck drivers. 


Ann Machado, owner of the Creative Staffing employment firm in Kendall, said she's seen companies shift their focus from restraining costs to expanding payroll in recent months. 


"Six months ago, they wanted a Rhodes scholar at minimum wage,'' she said. "Now if you show them talent, they'll pay what they have to get that talent."



#florida #unemployment




Source: Mark Quinones, of Unemployment-Extension.Org.

Unemployment in Florida & The Romney Campaign


GOP frontrunner Mitt Romney targeted the nation’s largest minority Wednesday with a new Spanish language television advertisement in Florida.

Stressing the theme of the American Dream, Romney’s advertisement, titled “Nosotros” (“Us”), says the United States is a nation “donde todo es posible” (“where everything is possible”).

It is narrated by the former Massachusetts governor’s son Craig Romney, who speaks flawless Spanish in the advertisement.

The advertisement describes Romney as a conservative businessman who believes in the values that, as the press release for it says, "have made our country the greatest nation on earth."

Recent poll results from Florida show Romney with a double-digit lead among likely GOP voters in the key southern swing state, Florida unemployment numbers have begun to see improvements.

Thirty-six percent of the 560 likely GOP voters questioned by Quinnipiac (Conn.) University said they preferred Romney, though more than half (54 percent) said they could still change their minds before Florida's Jan. 31 presidential primary.

Romney emerged the winner in Iowa and New Hampshire, but said he expects a tougher battle in the South Carolina primary, which will be on Jan. 21.

Romney has the challenge of walking a fine line between appealing to Latino voters, and portraying himself as the most "true conservative" of the GOP presidential contenders -- an effort that has included calls by him for a tough, enforcement-only approach to illegal immigration.

Indeed, on Wednesday, the Romney campaign walked that fine line -- launching the Florida Latino-targeted campaign, while touting on his website the endorsement of Kansas Secretary of State Kris Kobach, the architect of the toughest state immigration laws in the country.

Despite the Quinnipiac poll results, a South Carolina upset for Romney “could shake things up in the Sunshine State," said Peter Brown, the polling institute's assistant director. "Romney could be vulnerable if those voters settle on one candidate."

Also on Wednesday, Republican National Committee (RNC) Chairman Reince Priebus announced a new major effort to engage Latino voters.

“The expanded multifaceted approach to connect with the Hispanic community will include both digital outreach, traditional voter identification, and get out the vote efforts,” Priebus said. “Aimed at connecting with the fastest growing demographic, the RNC will place staff on the ground across the country to coordinate the GOP’s Hispanic effort as part of a program to make sure Barack Obama is a one-term president."

"Latinos play an integral role in our communities," he said, "and the Republican Party believes it is essential to involve Latinos at every level of our Party’s efforts in 2012."

Both parties actually began their 2012 election Latino outreach campaigns last year in an effort to swing the ever expanding Latino voter base. The Latino population grew to 50.5 million in 2010 from 35.3 million in 2000. About 21 million are eligible to vote.

The RNC released television and radio ads geared toward Hispanics in Florida. The ads, dubbed "Change Direction," were part of a series of ads geared toward Latinos. In addition, the RNC blitzed radio stations in New Mexico, Colorado and Nevada, criticizing President Barack Obama on the economy, taxes and unemployment.

The ads said that Obama was destructive to the economy, and to Latinos’ financial wellbeing in particular. The ads blamed Obama’s handling of the economy for why Latino unemployment stands at 11.6 percent, higher than the national average.

The Democrats quickly pushed back.

In their first ads for the presidential election, the Democratic National Committee targeted Latinos in virtually all the same geographical areas as the RNC’s campaign, with the message that Republicans have pushed to cut programs that are critical to Latinos.

In Florida, the Latino voters – from the South Florida Cubans to the Puerto Ricans along the I-4 corridor from Tampa to Orlando – vary in their political affiliations and loyalties. Some Hispanic voters who helped get President Obama into office also catapulted Tea Party favorite Marco Rubio to win the Republican primary and subsequent senatorial election in 2010.

In South Florida, Cuban exiles have long been loyal to the Republican Party and have built their influence over decades.

The exiles long have seen Republicans as tougher on Cuba's Communist regime.

The list of high-level Republican GOP Hispanics in Florida include Rubio, South Florida's three members of Congress and state House Majority Leader Carlos Lápez-Cantera.

Joe García, a past head of Miami-Dade Democrats and former Obama appointee who ran unsuccessfully for Congress last year, told reporters last year that Republicans have been more aggressive in going after Florida's Latino voters.

"The Republican Party views Hispanics in terms of market share: Who are they? How do we reach them? Democrats still view us in terms of quotas," García said.

Florida Hispanics, like Latinos nationwide, provided overwhelming support in 2008 for Obama thanks to a national get-out-the-vote effort. Since December of that year, 73,000 have registered in the state as Democrats and another 76,000 have registered while declaring no party. There have been 31,000 new Hispanic Republicans.

GOP presidential contender and former House Speaker Newt Gingrich hired Jose Mallea, campaign chief for Rubio's 2010 Senate race, to be his Florida director.

Romney, meanwhile, has picked up the endorsement of the state's senior Latino Republicans, who all appear in his new Spanish-language advertisement, singing his praises.

#florida #unemployment

By Mark Quinones, Unemployment-Extension.Org.