Florida’s consumer confidence, a popular barometer of the state’s economy, is gauged through a survey of roughly five-hundred Floridians each month. Consumer confidence is determined by asking five standard questions about each respondent’s financial situation and outlook for the economy.
Florida’s measure of foreclosure activity counts the total number of homes throughout the state that received a foreclosure filing each month. These foreclosure filings encompass new default notices, foreclosure auction notices, and bank repossessions (REOs).
Source: Realty Trac
Florida’s Index of Retail Activity is one barometer of current economic conditions. The index uses sales tax returns to gauge consumer purchasing across Florida. It includes all types of business activity, including autos and accessories, durable and nondurable consumer goods, tourism and recreation, building investment, and business investment.
Florida’s Leading Index measures current activity to predict the future pace of economic growth. The index takes into account both state and national level data, including housing permits, initial unemployment claims, interest rates and supplier delivery times. A higher reading translates into stronger expectations for the future.
Source: Philadelphia Federal Reserve
A monthly survey of employers is taken by the government to determine total nonagricultural payroll employment, which essentially measures how many jobs exist. This survey, known as the Current Employment Statistics (CES) survey, polls around 141,000 employers nationally.
This graph shows the year-over-year net change in nonagricultural payroll employment by industry. Essentially, it demonstrates the number of jobs gained or lost based on changes in employers’ payrolls. The industry categories are derived from the North American Industry Classification System (NAICS).
The labor force is the sum of all employed and unemployed persons of working age. The unemployment rate is simply the percentage of the labor force that is unemployed. These statistics are determined through the Current Population Statistics (CPS) survey, which polls roughly 60,000 households across the nation each month.