economy

AP

Cuba’s communist leadership remains reluctant to open the island to more free market reforms and foreign investment. But Cuba’s latest economic data for 2016 might make those hardliners reconsider.

Just a few months ago, Cuba’s economy was forecast to grow 1 percent this year. It wasn’t much; but at least it was growth. This week, President Raúl Castro has admitted even that was an illusion: Cuba’s GDP, he said, will actually shrink 1 percent in 2016 - the first economic contraction in more than 20 years.

Floridians are enthusiastic about the economy and their personal budgets. That’s according to a survey by the University of Florida. Consumer confidence among Floridians surged up 6.9 points this month to 97.2, according to a news release. The high mark shows people in the state are as hopeful about the future as they were before the Great Recession and housing crisis in 2008.

President-elect Donald Trump says he will double the nation's growth rate during his time in office. That promise will be difficult to keep.

Trump isn't talking about a temporary boost in growth. He says he can make the economy grow in the long term at a rate of about 4 percent a year.

President-elect Donald Trump met Wednesday afternoon with a who's-who of the tech industry. They came from Silicon Valley and elsewhere to Trump Tower in Manhattan, where they talked about jobs and innovation.

Creative Commons

  A new study has found that even while wage increases for women in Miami-Dade outpaced men, women still make less in the workplace.

Unemployment dropped by 0.3 percentage points, to 4.6 percent, last month — the lowest rate since 2007 — according to the monthly jobs report from the Bureau of Labor Statistics.

Overall spending is expected to increase this Holiday Season.  The Florida Retail Federation is expecting a 4 percent bump in state spending over last year. But Federation President Randy Miller says per person spending is expected to decrease slightly. He says shoppers are expected to spend about $935 per person this season.

Tom Hudson

Through all the tawdry talk, accusations and innuendo during this election American voters have been consistent in saying the economy is their big issue.

 

The Federal Reserve Bank of Atlanta, which includes South Florida in its territory, quizzed 200 companies throughout the region. One out of three of them said the election was having an effect on their business decisions such as investing in their companies or hiring new workers.

 

athrasher/flickr

Floridians are anxious. Even after several years of job growth, most are worried about the economy. Two out of three Floridians say they are financially stressed. For those with a child at home, or living in South Florida, odds are even higher.

Survey: Financial Stress Real Problem For Floridians

Oct 9, 2016

The first part of the USF-Nielsen Sunshine State Survey, focusing on the economy and the environment, was released yesterday.
 

The Sunshine State Survey is the most anticipated nonpolitical survey which gathers Floridians opinions on a wide range of economic, social and emerging issues. 

The U.S. trails Switzerland and Singapore in economic competitiveness in a new global index that finds America's infrastructure, health system and primary education are all lagging. The World Economic Forum's index also notes three U.S. strengths: Its large market, financial sophistication and labor efficiency.

Lauren Moore/flickr

The middle class has fewer and fewer job opportunities in Florida according to the newest edition of an annual report called “The State of Working Florida.” The study looks at how the jobs available, as well as the pay and benefits they offer, affect prospects for climbing the economic ladder. Researchers studied the years from 2009 to 2014.

The Wizard / Flickr Creative Commons

As the first few weeks of school get underway, student supply lists in South Florida are sparking conversations, and in some cases, criticisms.

There are the usual requests: pencils, composition notebooks and bookbags. But as school budgets continue to shrink, teachers are also asking parents to supplement basic classroom items like copy paper, permanent markers and disinfectant wipes.

Natavia Davis saw some of these complaints play out on her Facebook feed with parents who have children in South Florida public schools.

Public domain

Nonprofit transportation research group TRIP released a study last week that names Florida’s interstate highways the 9th most congested in the country.

 

The study shows that travel is increasing too fast for states to keep up, but Greg Stuart, executive director of the Metropolitan Planning Organization in Broward County, says the study bodes well for Florida’s future.

 

South Florida Cities Make Top AND Bottom Of Jobs List

Jun 21, 2016
Carl Juste / The Miami Herald

Florida’s diverse job market makes it one of the best states to get a job -- while at the same time, one of the worst.

The financial website, Wallet-Hub, ranked 130 cities in the state. South Florida cities land on both ends of that spectrum: Boca Raton is in one of the top 10, while Hialeah and Miami Gardens are in the bottom of the list.

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