The July 2010 unemployment rates in the counties that comprise the Center for Business Excellence region were 15.6 percent in Flagler County and 12.3 percent in Volusia County. These were down from the record high rates for both counties in January 2010.
So what do these numbers mean? Are things getting worse again?
Actually these numbers don't mean much in terms of identifying a trend. We can't really draw any conclusions yet, because the increments are still statistically insignificant (too small.) With that said, keep in mind that the unemployment rate will likely bounce around in foreseeable future - sometimes higher, sometimes lower.
Bottom line: Take these numbers with a grain of salt. If anyone (particularly the media) push the idea of a double-dip recession, keep your cool. Store this information in the back of your mind and continue pushing forward in your job search.
Do you thhink we are going into a second rescession depression with in the next year or so?
ReplyDeleteHello Anonymous, short answer is, we hope not. Long answer is, a lot of the fundamentals that we see today point toward slow growth within the next quarter or two. But who knows what the numbers will look like in another quarter. The recent housing and unemployment numbers certainly did not help improve the outlook. But overall, we are optimistic and believe that eventually the economic horizon will improve as it is in everyone's best interests.
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