
Tom Hudson
Senior Economics Editor and Special CorrespondentTom Hudson is WLRN's Senior Economics Editor and Special Correspondent.
Hudson's extensive reporting on South Florida's economy has taken him from the waters of Florida Bay to the depths of the PortMiami tunnel (and countless offices and conference rooms). He has interviewed bartenders and bankers, caregivers and CEOs to report on the people behind economic statistics.
He began his business reporting career in March 2000, just weeks after the dot-com bubble burst. He has reported from the trading floors of the CME, Chicago Board Options Exchange, NASDAQ and New York Stock Exchange. He previously served as Vice President of News at WLRN when he created and hosted The Sunshine Economy for 10 years. He was managing editor and co-anchor of Nightly Business Report on PBS.
Hudson is married with two sons and advises every bicycle rider to always wear their helmet.
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Gigi Coloma says she relied on Instagram to drum up most of her business. Then she was locked out of her account for almost three months for a "horrible accusation" — the platform said it was investigating her for “child sexual exploitation, abuse and nudity" following a selfie posted by her young niece for her birthday. She's still waiting for an apology.
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Florida condominium owners saw their average home insurance rates jump by more than 50% in four years to almost $2,000. That far outpaced overall consumer inflation in South Florida — at a time the region had the highest inflation rate in the country.
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Median condo prices in Broward and Palm Beach counties fell to their lowest level in several years in August. Single family home median prices were stable as fewer homes were on the market.
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Brightline revenue and ridership is up so far this year as it continues looking for a financial partner. The service has billions of dollars in debt and is operating at a loss. One investor thinks the "most bearish view" is reflected in recent bond prices.
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South Florida’s jobless rate was up 0.3 percent to 3.7 percent. Although that’s still low, it is the highest unemployment rate for the region in almost four years.
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The Miami region used to have the highest annual inflation rate in the country. As inflation pressures have cooled, price hikes have slowed, but they haven't disappeared.
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Fort Lauderdale's second city reputation to Miami may be changing as jobs and residents move to the area, fueling significant economic growth for the neighborhood. But can it last?
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In his quarterly message, Federal Reserve Bank of Atlanta President Raphael Bostic supported a lower interest rate for the central bank, but he did not commit to the timing of a rate cut.
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Tourism is growing statewide, but air travel has slowed at South Florida's two major airports after record years. One reason is that fewer Canadians are coming. But cruise passengers continue crowding PortMiami and Port Everglades, while hotel tourism tax collection remains strong.
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Brightline added another car to its trains in July. Long distance ridership was a record, yet it hasn't been successful raising fares to help its financial outlook.
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It is a buyer's market for homes and condos in South Florida, according to the regional realtors association. Plus: find your neighborhood's housing market by zip code.
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COVID-19 changed commuting patterns. Most workers are back on the road at least some of the time, but work-from-home has helped shorten average commute times in some of South Florida.