While the $825 billion stimulus raised employment from at least 1 million to 3.3 million people and significantly softened the recession, subsequent cutbacks at all level of governments reversed the gains and prevented a sustained recovery.
Jobs & Unemployment
Florida Hospital Flagler Breaks Ground on $15 Million Satellite Near Palm Coast Parkway
The 34,000 square foot medical plaza in Cobblestone Village near Walmart will give Florida Hospital Flagler an imprint on the northern side of town and add between 15 and 25 jobs by next summer.
Stalled: Unemployment Remains at 10.7% in Florida, Ticks Up to 14.9% in Flagler
As in the rest of the nation, job creation in Florida and Flagler is close to a standstill, with just 9,900 jobs created in July, leaving almost 1 million Floridians out of work.
Incomes at Their Worst Since 1996, Poverty At a 52-Year High, Inequality Deepening
Florida’s poverty rate rose to the highest level in 16 years, with 3 million residents—one in six—living under the poverty line in 2010. Nationally, most economic and health insurance indicators are worsening to historic levels.
Dim Futures: Florida’s Student-Loan Default Rate Rises to 10 Highest in the Nation
Students are defaulting on loans at higher rates, especially in Florida, because of a lousy job market, higher interest rates, and a rise in for-profit colleges that typically charge more than public colleges.
Obama’s Job Gig: Pin-Up to GOP Voodoo
What jobs program? Obama’s surrender to stimulus by tax cuts is another concession to bully superstitions. Obama has lost credibility. He’s lost respect. He’s losing the nation right along with him.
Federal COBRA Insurance Subsidies End, Aggravating Strains for the Unemployed
Federal COBRA subsidies for laid-off workers covered 65 percent of premium costs for 15 months, as part of the Obama administration’s 2009 stimulus package. GOP lawmakers blocked an extension.
Zero Job Creation in August as Economy, Recession-Bound, Posts Year’s Worst Showing
Even as the unemployment rate remained at 9.1 percent, job creation stalled in August, and was revised downward in June and July, signaling a recession.
Texas-Size Holes in Gov. Rick Scott’s Boast Of Florida Job Creation as 2nd to Texas
Rick Scott called the rest of the nation’s job numbers “pathetic” compared to Florida’s, yet Florida ranks near the bottom in the nation on Gallup’s index of job creation, while its 70,000 new jobs in the past year proportionally rank the state below the national average.
Despite Raises, Average Teacher Pay Is Eroding Significantly in Flagler and Florida
Average teacher pay at the end of last year in Flagler was $48,067. Adjusted for inflation, it represents an 8.5 percent decline compared with pay in 2006. Take-home pay declined further this fall.