Spin...the current unemployment rate

By
Real Estate Broker/Owner with Blackburn Coastal Realty

Spin....Florida unemployment rate

The 17.5% unemployment rate reported today (which includes those who have stopped looking and those forced to work part time) is really much higher in Florida.  In the Tampa Bay area we have lately been about 2% higher than the US rate in general.  Additionally, we do not account for the illegal workers that made up a significant part of our economy in agriculture and building...the unseen 800 pound gorilla in the middle of the room... whose consumption of goods and services is a shadow of its former self. (And whose sales tax revenue is greatly missed).  They have gone for greener pastures.

Posted by

William B Blackburn, Broker

Blackburn Investors Realty, Tampa Bay, Florida

JD, GRI,CDPE,CIPS

www.BlackburnInvestors.com

727-322-2900

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Rainmaker
396,300
Mark Brian
Silver Star Real Estate LLC - Anderson, SC
Anderson SC Realtor

I heard a joke, if you want to call it a joke: Because of the highest unemployment numbers in 26 years, a record number of people are no longer saying they hate their jobs.

The sad truth is we must get real jobs for all the people out of work. Not temporary jobs, not minimum wage jobs, but actual long term stable jobs that pay a decent wage.

The destruction of the middle class is destroying America.

Nov 07, 2009 01:21 AM #1
Rainer
148,720
William Blackburn
Blackburn Coastal Realty - Redington Shores, FL
Blackburn Coastal Realty, We work at the beach.

Thanks for the comments Mark.  You are absolutely right!  We in the US are struggling while the rest of the world is building a new infrastructure that will be competitive with ours...in many cases more advanced than ours.   We are still richer as a nation than almost everywhere else but that difference is decreasing rapidly.  To produce good long lasting jobs we must compete with the rest of the world which is getting difficult. This is a problem that has building for 50 years here.  We have, more and more, spent our money and focus on selling each other consumer goods and services ignoring the basic infrastruture necessary to be a world class competitor.  In our business, in residential real estate, we collectively bought into the concept of "leverage up to catch up" meaning that real estate speculation was attempted by just about everyone to replace fundamental real wealth building.

To rebuild and deleverage is extremely painful...a huge financial and social cost!  We are all touched by this rebuilding and deleveraging on a individual basis while the US government is leveraging up to replace us with band-aid fixes. It will be painful for a long time but if we swap our fundamental need to modernize in order  to satisfy populist needs... we will not be dealing with the problem.  This is a major trade off that might very well cause only a temporary fix.

Nov 07, 2009 02:52 AM #2
Rainmaker
101,682
Matthew Naumann
Exit Realty Charleston Group - Goose Creek, SC
Goose Creek, SC Real Estate Agent

William,

Great Post.  The question is how do a put positive spin on an unemployment rate released by the government that does truly reflect the true unemployment and the people know it.

Thanks for sharing,

Matt Naumann

Nov 12, 2009 11:56 PM #3
Anonymous
William Blackburn

Every US President since John Kennedy has tweaked both the unemployment rate and the CPI to sell whatever they are selling.  Of course, all policians and news sources are no different...everyone has an agenda.  Spin is everything.

Nov 13, 2009 01:07 PM #4
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Rainer
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William Blackburn

Blackburn Coastal Realty, We work at the beach.
We live and Work at the Beach....we know the Tampa Bay Beaches
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