Friday, March 6, 2009

unemployment at 8.1 %, Council oblivious

By Charley Blaine and Elizabeth Strott (MSN Money) More Americans are losing their jobs. The economy shed 651,000 jobs in February, the Labor Department reported this morning, and the unemployment rate ticked up to 8.1% from 7.6% in January. It was the worst unemployment rate since December 1983; the jobless rate in that earlier recession peaked at 10.8% in late 1982.
Today's unemployment report was in line with economists' expectations of 650,000 jobs lost and an unemployment rate of 7.9%. It was the 14th straight month of job losses, bringing the number to 4.4 million since the recession began in December 2007. Job losses lead to mortgage foreclosures, which lead to NO property tax collections and decreased revenues for ANY city.
Job losses are happening HERE, in Miami Springs, to OUR residents, who are struggling to pay their current bills- how can the Mayor and Council possibly justify adding to their financial burden with this new gym? Common sense is NOT so common at City hall these days. Dr. Mel P. Johnson

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