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Double Digit Unemployment

June 19th, 2009 by flanews

Floridas unemployment rate is now in the double digits at 10.2 percent. The last time the states jobless rate was higher was 1975. Nearly a million Floridians are searching for jobs and as Whitney Ray tells us, more are headed to the unemployment line.

Carlos Cuban Caf has been feeding hungry Floridians since 1997, but Friday night the restaurant will serve its last meal.

The economys down, cost is up, said Anne Pla.

When the restaurant closes eight more people will be added to the states growing unemployment ranks.

Ive not found another job yet, said Bartender Ami Pla.

Unemployment in Florida is 10.2 percent a 34 year high.

Floridas unemployment rate is higher than that of the nation and our rate of job decline is also more severe than that of the nation, said Rebecca Rust, AWIs Chief Economist.

950,000 people in the state are looking for work. Many Floridians are giving up the job search and going into business for themselves.

Hotdog vender Vic Crosby has seen his competition increase, but the number of people in need of a cheap lunch is also increasing.

It all really comes down to people not wanting to spend the money that they normally would, said Crosby.

And until people start spending more, the jobless rate could continue to grow. The statistics show a loss of 61,000 jobs in Florida from April to May.

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