Jobless Rate Gap Widens Between US, Florida for Second Consecutive Month
In April, Florida’s employment picture brightened yet again as the state’s jobless rate dropped to 7.2 percent, down from the previous month’s reading of 7.5 percent.
In April, Florida’s employment picture brightened yet again as the state’s jobless rate dropped to 7.2 percent, down from the previous month’s reading of 7.5 percent.
Most notably, the indicator for expected economic conditions one year from now rose over 11 percent this month – from 72 in March to 80 in April. Are Florida’s policies and focus on strengthening job creation and improving the business climate effective?
On this installment in our ongoing series, listen to an interview with CFO Jeff Atwater as he discusses the impacts of Small Business on Florida’s economy. “4 out of 5 Floridians Go to Work in a Small Business Every Day…They are the key.”
The interpretation of economic data can at times become a rather daunting task. Conflicting reports of economic expansion and contraction can lead individuals to ponder the true direction of Florida’s economy.
By a 69-27 vote margin, the U.S. Senate passed a bill empowering states to collect sales tax for purchases made online. The measure, dubbed The Marketplace Fairness Act, now goes to the U.S. House of Representatives and is expected to face an uphill battle.
The Florida Legislature passed Florida Chamber-backed legislation today creating a statewide standard of mandatory leave requirements that ensures Florida businesses and their employees, not government bureaucracies, decide the competitive benefits they offer. The last thing Florida’s economy needed was a patchwork of union mandates that would have made Florida much less competitive.
To repair Florida’s broken property insurance system, both chambers of the Florida Legislature today approved a Florida Chamber of Commerce-supported bill which creates a path to return Citizens Property Insurance Corp. to its proper role as the insurer of last resort. For far too long, Florida has been only one costly storm away from financial catastrophe, and homeowners, businesses, charities, churches and automobile policyholders have faced heavy “hurricane tax” assessments.
The Florida Legislature has taken steps to make Florida more competitive by passing Governor Rick Scott’s proposal to eliminate the manufacturing sales tax. The Florida Chamber of Commerce has been a longtime supporter of reducing the manufacturing sales tax and worked closely with our partners at the Manufacturing Association of Florida to support Governor Scott’s proposal.
Today the full Senate voted to eliminate the sales tax on manufacturing equipment for the next three years. HOWEVER, this bill must receive final approval by the Florida House of Representatives before it can proceed to Governor Scott who is expected to sign the bill into law.
The Florida Chamber of Commerce’s Coalition for Legal Reform today congratulates the Florida Medical Association for the final passage of medical liability reform legislation.