Thursday, February 18, 2010

Orlando ranks 10th in foreclosures - Orlando Business Journal:

Orlando ranks 10th in foreclosures - Orlando Business Journal:

Again with the propaganda. If you just read the title of that article you would think that things are not getting any better. We had less foreclosure filings month over month by 18%, we had less! Now don't jump for joy just yet, as the title says we are still 10th in the nation in foreclosures, we were previously 8th.

Orlando one of the top destinations

The nation still likes us... yey!

Big deals still happening

Talk about decreasing inventory, they just took 248 homes off the market in one purchase, from a condominium project that failed to find buyers.

Sink going after former employer BOA

Alex Sink used to work for Bank of America and now is investigating Bank of America, former employer, for potential legal action.

Employment trend rises

As the saying goes, the trend is your friend until it's not. Anything positive to the dismal employment trends is good. This is an index that is local to Orlando and may just reveal the seasonal hirings that will be layed off over the next month or so.

Honda hiring in Clermont area

Anybody looking for a job, they are looking for a variety of positions, read the article for details, it also includes an email employment@headquarterhonda.com.

Young community turning old

I don't know what to say about this other than, well played. The young professional market is gone and it's smart to find another market.

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Friday, February 5, 2010

U.S. jobless rate drops to 9.7 percent - Orlando Business Journal:

U.S. jobless rate drops to 9.7 percent - Orlando Business Journal:

This is only a very small part of the jobs story. The revisions tell a much different story than what actually happened last year.
Unemployment Revisions
The revisions showed the government statistics off by 800k jobs last year... what?!!! How could anybody be that far off and not be fired? I don't know how this could not be somebody cooking the books. Some of the months were off by 100%, really. The recovery in the job market and the economy can't happen until we have everybody hit reality. As far as I see it there are only a few segments left to hit the reality bus... politicians, bankers, celebrities, news anchors and athletes.

4Q home construction slowed, sales jumped - Orlando Business Journal:

As long as we continue decreasing the inventory and stay stable on the amount of sales we will have a point that the builders will have to build because they have all of the demand. This will be the bottom everybody is waiting for and we won't know until it pasts us.

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