Jobs, Jobs, Jobs !!!
If you are wondering who is buying all the new houses around town or you’ve been thinking that I-95 traffic is a little heavier than usual, your gut is spot on. The JAX region’s economy continues to build steam and create more and more jobs as shown in the table below from the US Bureau of Labor Statistics. From the economic trough in 2010 – where we were at 580k jobs – that increased a anemic 6k to 8k jobs in 2011 and 2012, respectively, and then 13k to 14k the next two years, but much stronger last year with almost 24k jobs in 2015, or a fairly robust 3.8% increase. Also interesting to note that we eclipsed the pre-Great Recession peak of 631k jobs during 2015 and are approaching 5% higher than that high watermark.