It is a sharp and unexpected decline from the previous quarter’s 3.1 percent growth rate, but may be due top one-time shocks, including a 22 percent decline in military spending and Hurricane Sandy. Several indicators, including personal spending and saving and residential investment, are encouraging.
us economy
Union-Busting’s Tasteless Florida Flavors
Labor union membership has been in precipitous decline since 1980, along with with a decline in job security, workers’ wages and benefits, and Americans’ standard of living. It’s not a coincidence, though the vilification of labor unions continues.
Union Membership in 2012: U.S. Bureau of Labor Statistics
Union membership in 2012 data by state, gender and other characteristics, including median salary earnings and other historical data, as released by the Bureau of Labor Statistics.
Crucial Jobs Report Gives Obama a Boost as Unemployment Falls to 7.8%, Lowest in 4 Years
The national unemployment rate fell to 7.8 percent in September, its lowest level since President Obama’s inauguration in January 2009, as the economy added 114,000 jobs in September, and revised figures for the previous two months boosted those totals by 86,000 jobs. In the last three months, the economy has added 434,000 jobs.
Floridians’ Consumer Confidence at Highest Level Since 2007
All five of the five components that make up consumer confidence increased, including expectations about personal finance, national economic conditions, and buying confidence, according to the latest analysis by the University of Florida’s Bureau of Economic and Business Research.
No Bounce: Economy Adds Only 96,000 Jobs in August as Unemployment Drops to 8.1%
The national economy added a meager 96,000 jobs in August, and the previous two months’ total was revised downward by 41,000 jobs. Nevertheless the unemployment rate edged down to 8.1 percent, from 8.3 percent, as the employment picture continues to zigzag between hope and anemia.
The Downside of Tourism Jobs, and What North Carolina Can Teach Florida
Florida is adding jobs, but mostly in tourism and service industry, low-skilled work that has involuntarily forced people into part-time employment. North Carolina has seen more employment grow in the information technology and research sectors. These jobs tend to offer higher pay and more stability.
Florida Revenue May Grow by $2.6 Billion as Recovery Solidifies, Contradicting Romney
President Obama and Gov. Rick Scott will be competing t take credit for Florida’s continuing economic improvements as the state turned in a relatively healthy $407 million surplus in the fiscal year that ended June 30.
Unemployment Rises Again in Flagler, To 12.3%, Stalls at 8.6% in Florida
June unemployment numbers were discouraging in Florida as well as in Flagler and Volusia counties–stalling in the state at 8.6 percent, with just 9,000 jobs created last month, while the unemployment rate jumped again in Flagler to 12.3 percent, and to 9.1 percent in Volusia.
U.S. Economy Adds Just 80,000 Jobs In June as Unemployment Stagnates at 8.2%
The national economy added percent for the third most 80,000 jobs in June, keeping the unemployment rate stuck at 8.2 percent for the third month in a row.