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.

Snowbirds to the Rescue!

Snowbirds, repeat seasonal visitors who stay longer than the average Florida tourist, are coming to the rescue of South Florida businesses. These northerners travel from Canada and New England to escape the cold and enjoy the Florida winters. Thankfully, they bring their pocketbooks with them, bringing a much needed boost to Florida's economy.

Florida tourism has been on the decline in recent years, as the economy and businesses are hit hard by the recession. But snowbirds seem to have escaped the recession (partially thanks to the Canadian dollar) and are flocking to Florida at about 90% of their usual rate. These weekly to monthly visitors provide much needed business to local restaurants and businesses afflicted by high unemployment.