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.
The economic recovery may be years away from ending, but there have been some steady gains in South Florida and across the country that is giving some economists hope heading into the second quarter starting Sunday.
Senate Republicans and a few Senate Democrats are expected to block President Barack Obama’s jobs plan Tuesday which includes tax increases on the rich.
The Great Recession is showing no signs of easing up on the state of Florida. The latest consumer confidence numbers for the state showed that there is little hope for this changing as well.
While much of the focus on a potential government shutdown has focused on government employees; the shutdown also runs the risk of having far-reaching impacts economically.