Florida’s consumer confidence is falling sharply, according to a recent survey.
As the Republican-led government shutdown continues, the approaching debt limit and a possible debt default continues to grow larger on the horizon.
After a day that saw Wall Street hit record highs, the Bureau of Labor Statistics threw some cold water on the nation’s economy with an average unemployment report for the month of July.
President Barack Obama brought his re-focused economic message to Florida Thursday, but even the president did not expect his campaign-style speech to help ease the gridlock in Washington.
One day after the nation celebrated the nation’s independence, the U.S. Labor Department delivered good news to the U.S. economy.
The American economy sputtered in March with just 88,000 new jobs created. That was a large drop-off from the previous month’s 268,000 new jobs added to the workforce.
Foreclosures have crippled the South Florida home market since the Great Recession hit and while the rest of the nation has started to show improvement, Florida continues to struggle to recover from the worst economic collapse since the Great Depression.
October 1st isn’t the official start of fall, but it does mark the beginning of the economic fourth quarter. And in 2012, there are some encouraging signs the U.S. recovery continues to see limited gains, but there are also lingering signs some old problems are not going away soon enough.
As the global economy continues to sputter, there could be some good news on the horizon for the South Florida economy.
South Florida has relied on tourism to keep the area growing during the Great Recession. But, one key group of tourists, Europeans may be about to undergo even more economic hardship that could impact tourism and U.S. politics in an election year.