Unemployment Rate Drops in December 2010

The US unemployment rate dropped to 9.4% from 9.8% in December 2010. On top of that figure, 103,000 jobs were created last month.

The high unemployment rate has contributed greatly to the present recession, but the shift in statistics suggests a positive change in our nation's economy.

President Obama highlighted these statistics in a recent speech, and expressed his optimism for a speedy economic recovery.

Value Businesses Expanding in Florida

McDonalds, Dollar Tree, discount grocery store, Aldi, and other "value" businesses are among the few businesses expanding in Florida. This is attributed to the slow economic recovery of Florida, paired with consumers trying to find the best deals. McDonalds plans to build and renovate 20 stores this year and Dollar Tree plans to open 5-10 stores in South Florida this year. With the recession in full swing, "value" is where the Florida economy is finding expansion.

Winn-Dixie Closing South Florida Stores

The economy has claimed another victim, Winn-Dixie and over 120 employees of the grocery chain. The company is planning to close 35% of its stores nationwide, including 13 South Florida stores.

Stores in Boca Raton, Deerfield Beach, Delray Beach, Ft. Lauderdale, Greenacres, Lake Worth, Loxahatchee, Plantation and Pembroke Pines will close their doors for good on September 22, 2010.

The Economy Can't Trim Christmas Tree Sales

Although the economy is in a less than desirable position, Floridians are still going all out for Christmas. 

A drive in nearly any Florida neighborhood will tell you that there is nothing "depressive" about this Christmas. People are decorating with more lights and props than previous years and don't seem to be cutting back on tradition at all. 

Christmas tree sales are another example of this. So far, tree sales have survived the holiday spending cuts, despite initial fears of a slow season. 

The president of the Florida Christmas Tree Association explained this unexpected Christmas spirit by saying, "I think people just like to have a Christmas tree; it's not the most expensive part of Christmas, really, it's a symbol."

Of course, this is true. It just wouldn't be Christmas without a tree and some lights. 

Obama Plans to Tackle the Economy

President-Elect, Barack Obama announced his plans for the economy yesterday. 

He plans to pass a massive two-year spending and tax-cutting recovery program and to create 2.5 million jobs for Americans through a stimulus.

This ambitious program will improve roads, bridges and schools, while incorporating the use of environmentally-friendly technology.

5 Tips for Better Fuel Economy

Here are a few simple tips that can increase the gas mileage and performance of your car during these tough economic times:

1. Get an Oil Change - Regular oil changes (every 3 months or 3,000 miles) protect the engine from wear and tear and enhance your vehicle's performance.
2. Align and Rotate Tires - Poor alignment, low tire pressure and worn tires all add friction on the road, making your engine work harder and use more gas.
3. Lighten Your Load - You would be amazed how much weight a full trunk or back seat can add. Ditch the extra tools or books and see how much smoother and fuel efficient your car will run.
4. Carpool - Plan trips to the same place with friends, family or coworkers. Who wouldn't like a grocery shopping buddy or commute companion?
   
5. Slow Down - Driving within the speed limit improves car performance. Find the optimal speed for a certain gear range and watch your gas pump visits disappear.

South Florida's Speedy Economic Turnaround

South Floridians everywhere are hurting due to a weak economy and high gas prices.

Fortunately, due to tourism and trade, Florida might be one of the first states out of the slump.

There is no question that the economy is not what it once was. South Floridians are cutting back on dining out and entertainment, causing trouble in the retail and restaurant industries.

However, relief may be on its way. Although America's economy is not projected to turn around until the end of 2009, most of the US is not blessed with our tourism and South American trade industries.

South Florida's beaches, night life and restaurants draw both domestic and international travel yearly. European tourism this year is projected to be especially profitable due to the Euro's strength versus the Dollar, which should pump money into the South Florida's industries hurting the most.

The entire article is available on CBS4.com

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