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UCF: Fla. slow to join recovery but now leads nation

March 31st, 2014 12:52 PM by Ron Mastrodonato

Fla. jobs bounce back

According to employment data released by Gov. Rick Scott’s office:
• The state unemployment rate has declined for the past 20 months
• Private sector job growth has been positive for 31 months
• 503,500 new private sector jobs have been created since Dec. 2010

ORLANDO, Fla. – March 26, 2014 – Florida was one of the first states to feel the effect of a national recession with job losses starting in April 2007, several months before other states, says UCF economist Sean Snaith in his First Quarter Florida Economic Forecast.

The national recovery began in June 2009, but Florida was slow to join in, Snaith says. For several years, it lagged behind the pace of the U.S. economic recovery.

However, Snaith says Florida no longer straggles. It’s now a front-runner.

“This has been no small accomplishment,” says Snaith. “Looking forward, Florida will extend its lead over the national economy the next several years as we expect the Florida economy to continue to outpace the nation as a whole.”

Snaith puts Florida’s unemployment rate “among the good news.”


Posted in:General
Posted by Ron Mastrodonato on March 31st, 2014 12:52 PM


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