When I go to the Ft Lauderdale area I see a lot of unemployment. Vacant houses and apartments everywhere. My friend that owns several rental apartments and houses says every 8th house is vacant due to someone losing their job. She has a 25% vacancy rate. My buddy Larry owns a plastics business, he says business is down this year over 30% from last year. He has had to lay off one fifth of his work force, and has twice cut the pay of his employees by 10% each time. He personally has not taken home a pay check since last November.
Now here in Fairbanks, Alaska. We have a big Military presence here, and the Federal Government is the largest employer, with BLM, USGS, FAA, National Park Service, and other government agencies. Therefore our local economy has not taken much of a hit. The tourism industry has lost. They are down over 30% they claim. Since most of the employees for the tourist industry are from out of state anyway we have hardly noticed. The one advantage has been the lack of tourist Motorhomes, Campers, and Travel Trailers, clogging out roads and streets. And less competition for good fishing holes.