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OBAMAnomics: High Unemployment for S. Florida College Grads

Posted by FactReal on June 10, 2011

SKYROCKETING UNEMPLOYMENT RATES
One more negative effect of Obama’s excessive spending and oppressive regulations

Despite all the stimulus packages and bailouts, unemployment remains high. Why? Excessive government spending and regulations create uncertainty. Businesses will not invest or create jobs in uncertain times.

Florida’s Unemployment Rate, years 2001 thru 2011:
(Graph via Bureau of Labor Statistics1)

S. FLORIDA: High Unemployment Is Bad News For South Florida College Grads
Via CBS4-Miami:2
College graduates who are searching for jobs in South Florida say it’s a real struggle. The most recent numbers show the unemployment rate at 10.8 percent across the state.

In fact Miami-Dade County has the second highest unemployment in Florida.

This time of year thousands of college seniors are graduating from South Florida universities, and the hope of landing that first dream job is fading away for many.

“Jobs are super hard to get now so it makes it very difficult,” said Tiffany Le who is a senior at Florida International University.

Le is among a group of swiftly growing seniors who have decided to attend graduate school because the job out look is so grim.

“We are seeing that our students are really struggling to find employment,” said Yisell Cirion who works in the Career Services Center at FIU.

In addition Florida International University says they’ve seen a significant reduction in companies and organizations looking to hire their students.

“It’s difficult to find a job right now, said senior James Camps-Sotiresco. […]

NATIONAL: Class of 2011 Faces Highest Unemployment Rate For College Grads in History
(Hat tip: GatewayPundit)
Video: High government spending leaves businesses uncertain of future tax and interest rates, which leaves them more hesitant to invest in long-term projects that create jobs. Uncertainty over the future of the economy is keeping American businesses from recovery.

It’s time for Washington to stop overspending. It’s time for Washington to tackle the $14.3 trillion debt and promote job creation.

SOURCES
1. Bureau of Labor Statistics, Florida’s Unemployment Rate, 2001 thru 2011
http://www.bls.gov/lau/, http://data.bls.gov/pdq/SurveyOutputServlet
2. High Unemployment Is Bad News For South Florida College Grads, June 10, 2011
http://miami.cbslocal.com/2011/06/10/high-unemployment-bad-news-for-south-florida-college-grads/

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