All Things Recruiting & Employment

Home | Jobs | Free Resume Builder | Recruiting News | Outplacement Services | NYC jobs | Audio jobs

Wednesday, January 16, 2008

 

Miami and a Declining Economy in 2008

The unemployment rate in Miami-Dade county fell slightly in November, despite the fact that the state’s average rose. The city’s jobless rate went from 4.3 percent in October to 3.7 percent in November, due, at least in part, to the creation of seasonal jobs. Although the month to month data shows improvement, more individuals were unable to find jobs in Miami than in 2006 when the unemployment rate was 3.5 percent. Statewide 4.3 percent of the population was without work.

For the year 2007 Miami lead the state in employment gains. Of the 90,200 jobs created in Florida, approximately 26,400 of them were in Miami. Florida construction continued to be affected by the housing market, losing 24,100 jobs and making 2007 the first year since 1992 that the state had nine consecutive months of decline in construction employment. Other sectors losing jobs included manufacturing and information.

Although there may be more jobs in Miami than can be found in other parts of the state, the local job market may be more competitive than usual. With economist saying that the state has a 60 percent chance of falling into a recession in 2007, many employers may scale back hiring in hopes of avoiding a loss of profit. In some cases, layoffs maybe necessary. If this does occur, Miami is expected to continue to fair better than most other cities. The city that is expected to fair the worst is Tampa, which made the list of the countries ten cities most prone to recession.

For unknown reasons over a hundred jobs in Miami will soon be done away with. Airport Parking Associates plan to layoff 104 individuals at the Miami International Airport’s Flamingo Garage, according to a state filing. Both APA and MIA spokespersons were unable to be reached for comments on loss of these Miami jobs or how this would effect the airport.

Despite recent airport layoffs, tourism is obviously doing well in Florida, because the sector added 24,500 jobs. Tourism and hospitality combined with education and health services accounted for 60 percent of the state’s job creation.

Labels:






<< Home

Archives

July 2006   August 2006   September 2006   October 2006   November 2006   December 2006   January 2007   February 2007   March 2007   April 2007   May 2007   June 2007   July 2007   August 2007   September 2007   October 2007   November 2007   December 2007   January 2008   February 2008   March 2008   April 2008   May 2008   June 2008   July 2008   August 2008   September 2008   October 2008   November 2008   December 2008   January 2009   February 2009   March 2009   April 2009   May 2009   June 2009   July 2009   August 2009   September 2009   October 2009   November 2009   December 2009   January 2010   February 2010   March 2010   April 2010   May 2010   June 2010   July 2010   August 2010   September 2010   October 2010   November 2010   December 2010   January 2011   February 2011   March 2011   April 2011   May 2011   June 2011   July 2011   August 2011   September 2011   October 2011   November 2011  

This page is powered by Blogger. Isn't yours?