Florida Economy Recovering But Problems Remain

TALLAHASSEE, Fla. (AP) — Florida’s economy is showing signs of continued recovery, but a new analysis prepared by state economists also points to some problems.

State economists on Monday released a 29-page snapshot looking at everything from wages to housing prices and unemployment.

The good news: Florida was ranked 13th in 2013 in personal income growth. Growth rates also are returning to more typical levels.

But the report by the Office of Economic and Demographic Research also found that Florida’s average wage is dropping further behind the average wage in the United States.

The report also notes the drop in Florida’s unemployment rate has been helped by people dropping out of the labor force. The state’s real unemployment rate would be 6.9 percent if participation had held steady since December 2011.

___

Click here to read the full report.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Tampa

Best Holiday Volunteer Opportunities for the Family in Tampa BayGet the family together to make a difference in the Tampa Bay community this holiday season.
CBS Tampa’s Social Media LinksFollow us!

Listen Live