Posts Tagged: ‘Economy’

Job Growth Significantly Slows During March

April 12, 2013 Posted by kingcade

The job market has remained steady through most of 2012 and the beginning of 2013. However, during the month of March employers added fewer jobs than any other month in almost a year. The numbers are discouraging because job growth is one of the greatest indicators of economic recovery. In February, 268,000 jobs were added to the market and in March, only 88,000 jobs were created. The unemployment rate dropped to a four-year low of 7.6% during March. Experts say the decline in unemployment was prompted by nearly a half-million workers leaving the job market and not by growth. This decline was the result of layoffs, retirements and other reasons.

The decline in job growth is not a new trend; it’s also referred to as a “springtime swoon.” It is not uncommon for hiring to start strong early in the year and wilt away as the weather warms. Some economists believe that March’s report may represent a payback for the significant growths during January and February. Others attributed the decline to budget turmoil in Washington or unusually cold weather in parts of the country. No matter the reason, analysts cautioned against reading too much into the rates from only one month. During March, employers added 20,000 temporary workers and 18,000 construction workers, which reflects the recovery of the real estate market. Sectors such as transportation lost jobs during the month of March.

Click here to read more about the decline in job growth during March.

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced Miami bankruptcy attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.

As the Economy Improves, Many South Floridians are Repairing their Credit Scores

March 22, 2013 Posted by kingcade

Florida was one of the hardest hit states when the housing market crashed in 2008. As a result, many residents lost their jobs, lost their homes and were forced to file for bankruptcy protection. However, many South Floridians have made progress in repairing their credit scores since the recession. Approximately 40,000 people in Broward, Palm Beach and Miami-Dade counties raised their credit scores to 620 or above in just one year. A credit score above 620 removes the individual from the Subprime or Risky category, meaning that they are more likely to be approved for credit cards, auto loans, mortgages, etc. Not only is it easier to be approved for a loan once you are out of the Subprime category, but it also enables you to get lower interest rates.

According to Equifax, South Florida is second only to the Los Angeles metro area in the number of people who have improved their once sub-prime credit scores in the year that ended September 30, 2012. In January, the average credit score for the three counties was 645, which is only three points below the national average. Much of South Florida’s successful recovery can be attributed to the large number of mortgage lenders that are trying to help out the community. Companies such as The Mortgage Firm, provide free counseling to help people improve their credit scores. As a result, many South Floridians have been approved for mortgage loans in as little as two years after filing for bankruptcy and as little as three years after a foreclosure.

Click here to read more about how South Floridians have successfully repaired their credit scores after the recession.

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced Miami bankruptcy attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.

Best Shopping Deals in March

March 5, 2013 Posted by kingcade

March has always been a big shopping month, particularly for those looking for spring deals. Below is a list from Dealnews.com of the best products to buy this month.

PlayStation 3
Sony debuted the long-awaited PlayStation 4 in late February. In the past, prices on previous generation PlayStations have dropped between 60% and 64% just after the latest models were released. The prices of PlayStation 3 consoles are expected to do the same this month.

Chocolate
High-end chocolate shops, such as Godiva, are expected to have great deals on chocolates leftover from Valentine’s Day this month. Typically after a holiday, themed candy is discounted up to 50%.

Luggage
March is a great time of the year to buy travel gear. Last year, a number of stores had great luggage deals during March such as: Wal-Mart, eBags, Macy’s and Sears. These deals will likely last through spring.

Frozen Foods
March is National Frozen Foods Month. Although it was adopted as a marketing ploy, you will see special promotions from different food brands throughout the month on frozen foods.

Smartphones
In February, at Mobile World Congress, several phone manufacturers debuted new smartphones, turning 2012 models into previous-generation goods. This month will be a good time to buy last year’s smartphones at discounted prices.

Big-Screen TVs
TV deals were at all-time lows during February. These discounted prices are expected to continue into March.

To read more on this story visit:
http://money.msn.com/shopping-deals/article.aspx?post=e2941916-6a30-47ee-ad81-625fd99058e9

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia, P.A. at www.miamibankruptcy.com.

Job Recovery Rate Higher for Workers with College Degrees

February 7, 2013 Posted by kingcade

According to CNN Money, recent studies have shown that levels of job recovery are much higher for workers with a college degree. Workers with higher levels of education such as: master’s degrees, doctorates or professional degrees are a small part of the population and have been affected the least by the suffering job market. Unfortunately, those with a high school diploma or less have experienced the greatest job deficit and slowest employment gains.

Workers with master’s, doctorates or other professional degrees have experienced a 6.7% job market gain since 2010. Approximately 1.1 million more workers reported having jobs in 2012 than in 2010. Workers with bachelor’s degrees have reported a 5% gain since 2010. Workers with a high school diploma or less have been experiencing a loss in jobs since 2007. Approximately 767,000 fewer reported having a job in 2012 than in 2010. Experts say this is a long-running trend that has been shifting the U.S. economy toward more professional occupations. The health care and professional services sectors experienced the strongest job growth last year. Construction, a predominately blue-collar profession, experienced the biggest sector cut.

To read more on this story visit: http://money.cnn.com/2013/01/24/news/economy/college-degree-jobs-recovery/index.html?iid=SF_E_River

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia, P.A. at www.miamibankruptcy.com.

Casey Anthony Files for Bankruptcy in Florida

January 30, 2013 Posted by kingcade

Casey Anthony filed for Chapter 7 bankruptcy protection last Friday in Florida. Anthony claimed approximately $1,100 in assets and $792,000 in liabilities. Her listed debts included: $500,000 for attorney fees and costs for her criminal defense lawyer during the trial; $145,660 for the Orange County Sheriff’s office for a judgment covering investigative fees and costs related to the case; $68,540 for the IRS for taxes, interest and penalties and $61,505 for the Florida Department of Law Enforcement for court costs. Her legal debt accumulated when she was on trial for the murder of her daughter, Caylee. Anthony was acquitted of killing Caylee in 2011, however she is currently unemployed, with no recent income.

Aside from her financial troubles, Anthony is also facing a defamation lawsuit. Among many other civil suits, the defamation suit was brought forth by Zenaida Fernandez-Gonzalez in the Orange County Circuit Court. Fernandez-Gonzalez claims that Anthony defamed her when she told the detectives that a baby sitter with the same name kidnapped Caylee in 2008.

To read more on this story visit: http://www.huffingtonpost.com/2013/01/27/casey-anthony-bankruptcy_n_2560873.html

If you are in a financial crisis and are considering filing bankruptcy, contact an experienced attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia, P.A. at www.miamibankruptcy.com.