Florida’s Bottom Line is Chief Financial Officer Jeff Atwater’s quarterly economic magazine, focused on providing you with the latest news and insightful analysis on Florida's economic and financial health.
Florida's New Home Building Permits is a useful indicator of future home construction growth in the state. This indicator includes both single family homes as well as multi-unit structures such as apartment buildings. The permit numbers are estimated by the U.S. Census from their monthly Building Permits Survey.
Source: U.S. Census
Florida's Index of Retail Activity uses taxable sales returns to gauge consumer purchasing across Florida. The index is composed from several major economic categories of retail activity such as autos and accessories, durable and nondurable consumer goods, tourism and recreation, building investment, and business investment.
Florida's Leading Index is used to predict the six-month growth rate of Florida’s Coincident Index. The Coincident Index combines four state-level indicators to summarize current economic conditions in a single statistic. A higher reading translates into stronger economic expectations for the future.
Source: Philadelphia Federal Reserve
Florida's consumer sentiment, an important barometer of the state's economy, is gauged through a survey of roughly five-hundred Floridians each month. Consumer sentiment is determined by asking five standard questions about each respondent's current financial situation and their outlook for the economy.
The unemployment rate is the percentage of unemployed persons in the labor force. Only persons who both desire a job and have actively sought work in the past four weeks are counted as unemployed. This data is seasonally adjusted.
The annual non-farm job growth rate is the percentage change between the total non-farm employment in the current period compared to its value a year prior. This year-over-year comparison is useful for tracking the general trend of employment through time while holding a given month fixed. This data is only for non-farm employment growth and is seasonally adjusted.
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.