Florida Economy Flirting with $1 Trillion – 17th largest in the world – Adding $2.7 billion EVERY DAY

Florida’s economy is inching ever so close to the $1 trillion mark. The Sunshine State churned out goods and services at an annual pace of $996.3 billion during the first quarter of 2018. Florida accounted for fully 5 percent of U.S. economic activity, the federal agency said. That sounds impressive — until you consider that Florida has more than 6 percent of the U.S. civilian labor force. Florida’s industrial mix is more weighted towards low-productivity industries, says Gus Faucher, chief economist at PNC Financial Services. Read the full articles from My Palm Beach Post by Jeff Ostrowski and from US News here

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Posted on July 27, 2018, in Jobs/JAX Economy and tagged , . Bookmark the permalink. Leave a comment.

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