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Double Digit Unemployment

June 19th, 2009 by flanews

Florida’s unemployment rate is now in the double digits at 10.2 percent. The last time the state’s 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 Café has been feeding hungry Floridians since 1997, but Friday night the restaurant will serve its last meal.

“The economy’s down, cost is up,” said Anne Pla.

When the restaurant closes eight more people will be added to the state’s growing unemployment ranks.

“I’ve not found another job yet,” said Bartender Ami Pla.

Unemployment in Florida is 10.2 percent a 34 year high.

“Florida’s 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, AWI’s 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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