[gypsychic]

Originally Posted by chopchop0

It's easier to have a low unemployment rate in places like Detroit and Upstate NY where people have been fleeing the areas for years. Unfortunately, FL is a destination for many and because of the growth in population, it also causes a corresponding increase in the UE rate, all other things being equal.

Despite your continued hatred of a state you continue to reside in, FL is in fact improving

Road to Recovery: Central Florida's economy on the Road to Recovery - Orlando Sentinel

Totally agree with you, chopchop!

[kyle19125]

[quote=chopchop0;27994254]It's easier to have a low unemployment rate in places like Detroit and Upstate NY where people have been fleeing the areas for years.

How is it "easier" to have a low unemployment rate in an area people have been fleeing for years? Businesses left too, which prompted the outward migration. The point is those areas have managed to reinvent themselves and are attracting new business and jobs. Florida on the other hand seems largely content with it's one trick pony economy....as evidenced by the boom in strip centers, fast food restaurants, gas stations and the like which are what's really driving the job market. To pretend otherwise is pure delusion.

[FloridaKash]

Big businesses are coming... they will continue to come for awhile too.

Many people are moving out of the NE because of the cost of living and taxes.

Many companies are looking to move from the NE because of taxes, unions and employment laws.... not to mention NY Attorney Generals who go after these businesses any chance they get.

Florida is more tax friendly to both businesses and employees than the NE and the cost of real estate and cost of doing business is less. They can pay their employees less, because it costs significantly less to live in Florida.

It makes sense. Due to technology, companies no longer need to be located in NYC and have couriers take paperwork from one skyrise to another. Email is much better, faster, more efficient and more secure.

Sooooo... why not move your business somewhere less expensive to operate? Hey, I'd rather see them move here to Florida than offshore.

[TXRyan23]

Originally Posted by chopchop0

It's easier to have a low unemployment rate in places like Detroit and Upstate NY where people have been fleeing the areas for years. Unfortunately, FL is a destination for many and because of the growth in population, it also causes a corresponding increase in the UE rate, all other things being equal.

Despite your continued hatred of a state you continue to reside in, FL is in fact improving

Road to Recovery: Central Florida's economy on the Road to Recovery - Orlando Sentinel

Your logic is flawed. Texas is a larger state than Florida (26.1 million to 19.3 million) and we've had a larger growth in population than Florida (3.63% to 2.75%) and as a whole state, our unemployment rate is 2% lower (6% to 8%)

Our metro's fare even better...

Houston 5.9% - Miami 8.8%
Dallas 6.3% - Tampa 8.5%
San Antonio 5.5% - Orlando 7.5%
El Paso 7.5% - Jacksonville 8%
Austin 4.5% - Tallahassee 6.5%

The recovery in Florida is starting to show signs of improvement, but I believe that the significant portion of those numbers are either people that have come off of unemployment benefits or those that have dropped out of the job market period. Of course, when comparing the two states, Texas has a more diverse job market than tourist heavy Florida.

I only compared the two because both are top 4 states for population and both are top 10 states for growth (Texas 3rd, Florida 7th)

[Hold on to the Nights]

Originally Posted by FloridaKash

Sooooo... why not move your business somewhere less expensive to operate? Hey, I'd rather see them move here to Florida than offshore.

Lack of local talent. Sometimes you get what you pay for.

[Mike1306]

Originally Posted by kyle19125

Ask people in Ann Arbor, Lansing, Grand Rapids, Holland, Kalamazoo, Battle Creek and several other areas of Michigan if they're happy with their standard of living as they all have unemployment rates well below anywhere in Florida. Furthermore Detroit's recovery is happening as it reinvents itself with high tech jobs. Florida in the meantime is still pretty much Florida, service sector to the core. Detroit MI Area Economy Recovery Ranks Top 10 in Nation | News | It's probably somewhat empowering to delude yourself with old information, however the reality paints a different picture.

*Florida has a lower unemployment rate than Michigan. (2012)

*Florida has the 4th largest technology hub in the U.S. (2012)

Michigan Median H.H. income $48281 (2012) minus state income tax $1742.50 minus median property tax $2145 leaves net of $44393.50

Ohio Median H.H. income $46696 (2012) minus state income tax of $1732 minus median property tax of $1836 leaves net of $43138

Florida Median H.H. income of $46136 (2012) minus state income tax of $0 minus median property tax of $1773 leaves $44363

$44393.50 MI
$44363 FL
$43138 OH

WHERE IS THE GREAT DIVIDE THAT EVERYONE KEEPS ALLUDING TO?

Stop deluding yourself with this service sector crap which is all that it is. While Florida may have many server jobs being that it is a tourist destination it also has manager jobs that come along with those, it has jobs in finance, aerospace, high tech, medical device manufacturing, etc., etc, etc. And does MI and OH not have service sector jobs? Why yes, yes they do.

And really, posting the Detroit promo press release? Yeah for Detroit for pulling itself up from one of the worst economic metros to not quite so one of the worst economic metros. Isn't the unemployment rate still close to 11% there?

[Swimmom32]

Originally Posted by FloridaKash

Big businesses are coming... they will continue to come for awhile too.

Many people are moving out of the NE because of the cost of living and taxes.

Many companies are looking to move from the NE because of taxes, unions and employment laws.... not to mention NY Attorney Generals who go after these businesses any chance they get.

Florida is more tax friendly to both businesses and employees than the NE and the cost of real estate and cost of doing business is less. They can pay their employees less, because it costs significantly less to live in Florida.

It makes sense. Due to technology, companies no longer need to be located in NYC and have couriers take paperwork from one skyrise to another. Email is much better, faster, more efficient and more secure.

Sooooo... why not move your business somewhere less expensive to operate? Hey, I'd rather see them move here to Florida than offshore.

Great Post...My DH has been in Financial for a long time as well as other sectors but this is good news for Florida

[kyle19125]

Originally Posted by Mike1306

*Florida has a lower unemployment rate than Michigan. (2012)

*Florida has the 4th largest technology hub in the U.S. (2012)

Michigan Median H.H. income $48281 (2012) minus state income tax $1742.50 minus median property tax $2145 leaves net of $44393.50

Ohio Median H.H. income $46696 (2012) minus state income tax of $1732 minus median property tax of $1836 leaves net of $43138

Florida Median H.H. income of $46136 (2012) minus state income tax of $0 minus median property tax of $1773 leaves $44363

$44393.50 MI
$44363 FL
$43138 OH

WHERE IS THE GREAT DIVIDE THAT EVERYONE KEEPS ALLUDING TO?

Stop deluding yourself with this service sector crap which is all that it is. While Florida may have many server jobs being that it is a tourist destination it also has manager jobs that come along with those, it has jobs in finance, aerospace, high tech, medical device manufacturing, etc., etc, etc. And does MI and OH not have service sector jobs? Why yes, yes they do.

And really, posting the Detroit promo press release? Yeah for Detroit for pulling itself up from one of the worst economic metros to not quite so one of the worst economic metros. Isn't the unemployment rate still close to 11% there?

Well, that's some real interesting (i.e. fictional/delusional) numbers. How exactly does Florida rank #4 in the technology sector when there isn't a city in the state ranked above 53rd (Punta Gorda of all places) in terms of density of technology jobs and relative output? http://www.milkeninstitute.org/pdf/hightech_metros.pdf

In terms of household income comparison Florida's numbers are well documented to be skewed by a vast difference between the uber-wealthy and the working poor, versus Ohio and Michigan where it's much less varied.

Like it or not Florida is a service sector economy and along with Arizona, having the highest density of such jobs (around 60% of the job market) as well as continued growth in the coming years. It's pretty safe to say if any one segment of jobs exceeds 50% it identifies accordingly the economy of said city/state. http://www.creativeclass.com/_v3/cre...ectedShare.jpg

Lastly the point regarding Detroit was that yes it still has a high unemployment rate (10.2%), though it has dropped from the high teens in a couple of years. It's rate of decline in unemployment is among the fastest of all cities and unlike areas in the Sunbelt (such as FL) that have never been economic engines, it will soon be again as it has the infrastructure in place to do so. Here's an interesting article talking about the revitalization efforts and new entrepreneurs. Worth noting I don't know of any similar stories in Florida...http://www.nytimes.com/2011/07/03/fa...anted=all&_r=0

[gypsychic]

Originally Posted by kyle19125

Well, that's some real interesting (i.e. fictional/delusional) numbers. How exactly does Florida rank #4 in the technology sector when there isn't a city in the state ranked above 53rd (Punta Gorda of all places) in terms of density of technology jobs and relative output? http://www.milkeninstitute.org/pdf/hightech_metros.pdf

In terms of household income comparison Florida's numbers are well documented to be skewed by a vast difference between the uber-wealthy and the working poor, versus Ohio and Michigan where it's much less varied.

Like it or not Florida is a service sector economy and along with Arizona, having the highest density of such jobs (around 60% of the job market) as well as continued growth in the coming years. It's pretty safe to say if any one segment of jobs exceeds 50% it identifies accordingly the economy of said city/state. http://www.creativeclass.com/_v3/cre...ectedShare.jpg

Lastly the point regarding Detroit was that yes it still has a high unemployment rate (10.2%), though it has dropped from the high teens in a couple of years. It's rate of decline in unemployment is among the fastest of all cities and unlike areas in the Sunbelt (such as FL) that have never been economic engines, it will soon be again as it has the infrastructure in place to do so. Here's an interesting article talking about the revitalization efforts and new entrepreneurs. Worth noting I don't know of any similar stories in Florida...http://www.nytimes.com/2011/07/03/fa...anted=all&_r=0

Florida home to fourth-largest high-tech hub - Orlando Business Journal

http://www.deptofnumbers.com/unemployment/florida/

http://www.deptofnumbers.com/unemployment/michigan/

[Hold on to the Nights]

Originally Posted by gypsychic

Florida home to fourth-largest high-tech hub - Orlando Business Journal

It's a study by some website, not a fact. Who knows what the metrics were? they might have even counted the customer service job openings at HSN. I wouldn't say all of our economy is tourism based but Florida it's not known for having excellent tech colleges or company headquarters. Companies go where the best talent and best schools are. Human talent a very valuable asset, that is why many companies are still in expensive places like California and the NE.

Maybe we need to improve our colleges, especially our state universities. We are a very populated state with huge metro areas. We should be doing better.