[Carbondated]

Originally Posted by Ladywithafan

And now Tropitone burned up on Saturday.....

If you believe what you read in the Herald Tribune article, the Tropitone fire will not cause a huge layoff. However, they did say that they may send some manufacturing to California. In my humble opinion, any suggestions of moving manufacturing, if only temporary, still isn't a good sign.

Just wanted to add that Sarasota County "laid off" a lot of people recently. I believe Sarasota County is the areas largest employer. (Correct me if I'm wrong.)

Some of these "laid off" employees had worked for the county for a number of years, some of them were licensed educated professionals. And information that I've gathered from various sources suggests that the County may be no where near being through with "laying off" people.

[Ladywithafan]

Originally Posted by Carbondated

If you believe what you read in the Herald Tribune article, the Tropitone fire will not cause a huge layoff. However, they did say that they may send some manufacturing to California. In my humble opinion, any suggestions of moving manufacturing, if only temporary, still isn't a good sign.

Just wanted to add that Sarasota County "laid off" a lot of people recently. I believe Sarasota County is the areas largest employer. (Correct me if I'm wrong.)

Some of these "laid off" employees had worked for the county for a number of years, some of them were licensed educated professionals. And information that I've gathered from various sources suggests that the County may be no where near being through with "laying off" people.

Yesterday's Sarasota Herald said the plant burned up...now I"m reading today's Bradenton paper & they said that the annex was the only part affected and they will move those operations to another plant...the news can't even get it right!

[florida1]

The article stated that unemployment went up 1% because the school district workers officially went off payroll that month (don't if it's true but it sounds reasonable). Construction jobs actually saw a slight increase from the month before. Even with the jump in unemployment, Lee Co. is still below the state average and has created well over 5,000 jobs in the past year alone.

[hiknapster]

The housing market crash is going to have an effect on everyone. A lot of people made a lot of money during the boom: developers, the construction industry, real estate agents.

But there were plenty of other people that will be affected. Once people stopped getting their equity loans, they stopped buying boats, cars, going out to eat... Now they are struggling to make their mortgage payments. They'll cut back everywhere.

This will trickle down to everyone.

[hiknapster]

Originally Posted by florida1

The article stated that unemployment went up 1% because the school district workers officially went off payroll that month (don't if it's true but it sounds reasonable). Construction jobs actually saw a slight increase from the month before. Even with the jump in unemployment, Lee Co. is still below the state average and has created well over 5,000 jobs in the past year alone.

Here we go again.

Lee County's unemployment rate grew to 4.2 percent in June as the construction jobs dropped and school district contract workers officially went off the rolls for summer.

That rate is sharply up from the 3.1 percent jobless rate in June 2006, even as the county added some 5,700 jobs in the past year, according to data released Friday from the Florida Agency for Workforce Innovation. It was also up from May when the jobless rate was 3.4 percent.

Florida's unemployment rate increased to 3.5 percent, up from May's 3.4 percent.

The News-Press, news-press.com, Business, Less construction hurts local figures job swoon: lee unemployment rate jumps

[firemed]

Originally Posted by hiknapster

The housing market crash is going to have an effect on everyone. A lot of people made a lot of money during the boom: developers, the construction industry, real estate agents.

But there were plenty of other people that will be affected. Once people stopped getting their equity loans, they stopped buying boats, cars, going out to eat... Now they are struggling to make their mortgage payments. They'll cut back everywhere.

This will trickle down to everyone.

But most of the money made went right back into the same place it came from. developers are crying, real estate agents are finding other jobs, The construction industry has some work thanks to commercial construction but alot of the new commercial sits empty. And its just a matter of time.