Report: Florida’s economy projected to ‘outpace’ other states by 2017
By Karen Gillman, 10 Year's Serving the Virtual Office Industry
(On Point Executive Center)
When the "Great Recession" is mentioned, many people think about the housing bubble that burst in 2008. However, in Florida, the crisis began one year prior in April 2007, according to the St. Augustine Record. The Sunshine State has come a long way since those days, and University of Central Florida economist Sean Snaith believes Floridians will have a stronger economy than most other states within three years' time. Snaith's extensive report on employment, payroll and housing growth shows that the construction, trade, hospitality and business services markets in Florida will help employment grow 2.3 percent every year. By 2017, the unemployment in Florida will stand around 5.7 percent with an average wage or salary of $55,400 per year. America's unemployment rate is hovering around 6...
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