A just released report by the state finds that, it will take time for Florida’s economy to bounce back due in large measure to unemployment and relatively flat population growth.
“The job market will take a long time to recover — about 780,200 jobs have been lost since the most recent peak,” said the report, posted online this week by the Legislature’s Office of Economic & Demographic Research. “Rehiring, while necessary, will not be enough.”
The report indicates Florida trails much of the country in economic growth, personal-income growth and unemployment. It also says population growth — a major driver of the Florida economy — will average 0.85 percent between 2011 and 2014.
The report describes sales of existing homes as “sputtering” and says prices of those homes are flat.
“Florida (economic) growth rates are slowly returning to more typical levels,” the report said. “But drags are more persistent than past events, and it will take several years to climb completely out of the hole left by the recession.”
Hopefully, these people don’t work for Orlando. The defaulted bonds will tank after April 3 to to prevent voting against Dyer in the Mayor’s election. They can’t bankrupt before because Mayor Bankrupt Dyer won’t let them. Watch your pocketbooks. Nothing like kicking us when we are down. Fire Dyer.