Friday, August 19, 2005

Florida and Michigan: The tale of two states.

Politics: Here is the post hurricane boom, tourist hotspot and low taxing attractiveness growth of Florida.

Florida's unemployment rate dipped to 3.8 percent in July, the lowest since November 2000, driven downward by a construction boom caused by a robust housing market and the rebuilding of hurricane-ravaged areas. Most job sectors gained over the year, but the 11.5 percent growth in construction employment led the way, according to figures released Friday by the Florida Agency for Workforce Innovation. Unemployment went up in only a few types of jobs, among them waterborne-shipping, and a few types of manufacturing. By percentage, the Cape Coral-Fort Myers and Bradenton-Sarasota areas had the biggest job creation, boosting employment by 4.7 percent. Both areas were hit by Hurricane Charley last year and have seen growth in construction-type jobs. Economists have also credited post-hurricane rebuilding with the jump in employment in the western Panhandle, hard-hit last year by Hurricane Ivan. The hurricane-pummeled Fort Walton-Crestview-Destin area saw 4.3 percent job growth from July 2004 to July 2005, agency figures showed. Employment in the Pensacola area grew over the year by 1.8 percent. Jobs were easiest to come by along the western Panhandle largely due to growth in housing and tourism. Walton County had the state's lowest unemployment rate at 2.5 percent, followed by neighboring Okaloosa County at 2.8 percent.
Here is the sucktitude that is the high taxes, union filled state of Michigan.
Michigan's job picture worsened in July and a wave of expected layoffs throughout the auto industry and other sectors could mean things will get worse before they get better. As most of the nation saw strong job growth, Michigan's unemployment rate climbed to 7 percent in July from 6.8 percent in June. The nation's jobless rate is 5 percent. "Overall, it looks like a real struggle here for a while," said Dana Johnson, chief economist for Comerica Inc. The July numbers are a snapshot that doesn't fully reflect the storm clouds hovering over Michigan's economy. Major auto companies including General Motors Corp.and Ford Motor Co. plan to cut thousands of jobs in the coming months and years, and possibly close local plants. By the end of the summer, GM will have shuttered a plant in Lansing, and other plants may be vulnerable. Ford's Wixom plant appears likely to close after 2007, industry analysts say. The world's largest auto supplier, Troy-based Delphi Corp. is threatening bankruptcy, and rival Visteon Corp. in Van Buren Township is preparing to shed 24 plants and thousands of jobs. Delphi has 14,700 workers, and Visteon employs 6,000 salaried workers and thousands of hourly workers. Kmart is moving its headquarters to Illinois due to its merger with Sears Roebuck Co., which means the loss of nearly 2,000 jobs in Troy. And Farmer Jack has only closed six of its planned dozen store closures in Michigan. "Look at the data: There is no turnaround. There is no other major growth in other sectors that can offset the losses," or the impact of more layoffs, said Lansing-based economist Patrick Anderson.
I will leave the whole Florida led by Jeb Bush vs Michigan led by Granholm and union thing alone since it is sorta explains itself.

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