Tuesday, December 23, 2008

Jobless Rates - Oh My!

So yesterday we talked about not being concerned about the national market conditions being whipped about in the news. All the horrid tales of just how bad things are in other parts of the world. And that's true!

Today, we hear about the jobless rates in Tampa Bay rising from 4.5 last year to 7.8 percent (see the Agency for Workforce Innovation report here). We also heard about how the unemployment rate in Tampa Bay is higher than the unemployment rate for the state, which is 7 percent.

Fear not! Once again, things really aren't as bad as the media paints them to be. When the jobs lost were primarily contained in one specific month, that doesn't mean that everyone in Tampa Bay or Florida, for that matter, will be out of job within the month. It means a large company closed its doors and caused a high loss of jobs somewhere in the state.

Tampa is still a great place to live, work and have fun!

~The SI Team

2 comments:

Tampa Real Estate said...

Unemployment does have an effect in real estate. However people always need a place to live. We are in a major correction. Once we get through this the Tampa area will thrive. It has too much going for it not too.

Hannah said...

Someone really decided to put on their thinking cap, great going! It’s fantastic to see people really writing about the important things.

Real Estate Investing