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Javaman

(62,530 posts)
Wed Feb 1, 2012, 09:26 AM Feb 2012

Worst place to lose your job: Florida

http://money.cnn.com/2012/01/31/news/economy/florida_jobs/index.htm?iid=Lead

NEW YORK (CNNMoney) -- If you lose your job in Florida, chances are you won't find another one any time soon.

The Sunshine State has the highest rate of long-term unemployment in the nation. Some 53% of jobless Floridians were out of work for more than six months in 2011, according to Brookings' Hamilton Project, which crunched Census data.

92316PrintCommentMany of those unemployed residents will cast their vote Tuesday in the state's Republican presidential primary.

Much of the blame for the malaise lies in the implosion of the housing market, economists say. Florida's building boom, which fueled all types of employment, came to screeching halt in 2007. The state's unemployment rate soared to one of the highest in the nation, peaking at 12% in December 2010.

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