Quote:
Originally Posted by Porsche-O-Phile
It's because FL has nothing in terms of resources other than government/defense industry jobs, tourism and real estate. All of which are in the toilet right now.
And yes, I used to live there, so I know.
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True, we are the world's #1 travel destination.
Miami is the financial/banking capital of South America. That isn't going anywhere.
Its also THE distribution hub for materials coming into and out of the US to South America. (International Trade (40% of all U.S. exports to Latin and South America pass through Florida) )
Aerospace (Florida ranks 4th among the states in overall aerospace employment with 23,000 jobs. )
Florida also has a pretty big agriculture biz.
LINK
Definitely more to Florida than what you listed.
That being said, I am not suprised by that chart- getting a job down here right now is tough.
See here:
My buddy lost his job in November and just finally got hired on Monday. He has a damn good resume too. The economy down here is in tough shape. Real estate was one of the big drivers down here, construction being directly related. Things got way too far ahead of demand, and it will be 10 years before this normalizes again IMO. But our demand will eventually catch up- our population is still growing as it always has.
I think the difference is that we have many things going for us, and we will recover whereas some of the other places in trouble might not have a light at the end of the tunnel.