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.
unemployment
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.
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.
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.
Pointing to Recession, Floridians’ Consumer Confidence Crashes Again to Near-Record Low
The dramatic decline in consumer confidence is just three points shy of 59, the mark set in June 2008, when the nation was in the midst of the Great Recession. Figures released by the University of Florida’s Bureau of Economic and Business Research.
Taking Note of Flagler, Gov. Rick Scott Speaks Economics and Listens to Local Leaders
Gov. Rick Scott arrived early at a breakfast meeting with government and business leaders this morning, briefing the group on his business-centered agenda while holding an informal Q&A with the assembly.
Taxes, the Economy, the Stimulus: Separating Fiction from Fact
Answers to recurring questions of the day: what’s the state of the economy, are Americans really as overtaxed as they think they are, and what has the 2009 economic stimulus accomplished–or not?
When France Has a Better Credit Rating Than the United States
What does it mean to the United States when France and Britain are considered safer destinations for investors by credit rating agencies such as Standard & Poor? It shouldn’t mean much. But it’s not always about what’s rational.
Less Dire Than Feared: Economy Adds 117,000 Jobs, Unemployment Falls to 9.1%
Defying expectations, the national economy added 117,000 jobs in July. Figures for May and June were revised upward to add 56,000 jobs to those two months’ totals, and the overall unemployment rate fell back to 9.1 percent, from 9.2.