Report: Florida hit harder by recession - Orlando Business Journal:

http://myhomepet.com/clean-cat-ears
Florida went into the recessiom nine months ahead of the rest of theUnitedc States, and excesses in housinyg and commercial real estate are considerably worse than the natiojn as a whole, the report Statewide, the median sales price of existint homes is down abougt 45 percent from the peak of the housing boom in November 2005. The fall is abouft 48 percent in Orlando, from $249,900 in November 2005 to $130,00o0 in May. Employment conditions continueto deteriorate, the reportt says.
The state’s unemploymentg rate is expected to top out around 11 Wachovia projects, with a loss of 720,000 jobs, includintg 430,000 jobs lost this reported 137 layoff events durin g the first quarter, more than doubls the previous period. Job losses are heaviest in industries with direct ties to thebuildinhg boom, including construction and manufacturing, Wachovia Wachovia estimates Floridians saw a net loss of $1.2 trillion in households wealth during 2008 with about two-thirds of that drop occurringb in financial assets.