By: DOUGLAS HANKS
According WEG new report entitled “An Analysis of Taxable Sales Trends Show a Steady Recovery in Florida: Acceleration Likely in 2014-1015,” the Great Recession cost Florida 10 years of job growth. Between 2007 and 2009 Florida lost 923,000 jobs and has regained roughly 460,000 of the lost positions. The report noted taxable sales show consumer spending has fully recovered in Florida, and that a rebounding construction industry should help a “moderate acceleration” of economic growth during the next two years.
WEG issued the analysis as part of a new regular look at Florida’s economy.