FLORIDA ECONOMY LEADING THE NATION!
This one really seems hard to believe! Especially for those of us in the real estate business, where we so recently saw some horrific times. I have seen some increases in activity out there and things are improved for sure but Florida’s economy leading the nation? But it is true, Florida now leads the US is both job growth and “overall recovery” according to Sean Snaith, the director of the University of Central Florida Institute for Economic Competitiveness. He is also a member of some serious national forecaster panels such as The Wall Street Journal's Economic Forecasting Survey and the Associated Press' Economic Survey. Other issues cited for this lofty perch atop the economic mountain are a declining unemployment rate, payroll increases and “overall economic activity.” It is strange, but for some reason the enormous effect of tourism is not mentioned anywhere in the article, despite the fact that we have broken many records this year. That has aided our economy in a huge way and certainly deserves more than a casual mention. All that is alluded to is that tax revenues are up 7 percent this year (as compared to 6.5% last year) due to tourism and “a boost in consumer confidence.” I have to believe that tourism was the number one economic driver in Florida, followed closely by construction now as the developers chase the rental (and increasingly more condo projects) residential boom. Wages and hiring are up, the real estate market is recovering, we have good weather and companies are expanding and moving here from other parts of the US and the world. Is there any place better than us right now? It doesn’t seem like it so be thankful for another day in paradise here and try and get outside and enjoy yourself. At least for a little while. You deserve it! Think about it, you could be in Chicago freezing your butt off right now! As always thanks for reading and have a great day.
State's robust recovery outpaces nation, aids workers
No comments:
Post a Comment