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My Florida C F O

Dear Fellow Floridians:

As we reflect on 2013 and consider the potential for 2014, it is clear that Florida is at a turning point. Today, people across the country are more Florida's Botttom Lineoptimistic about Florida and its prospects. Last year, job growth in Florida exceeded expectations while the state’s unemployment rate, now at a 6-year low, was one of only a few in the country to rapidly decline. Our housing market has improved and the population growth Florida is well known for has begun to return. Perhaps our most exciting prospect is the renewed growth and intensity of Florida businesses, startups and industries over the past year, which has characterized Florida’s strong economic performance and helped label us as ‘ahead of the pack’ in 2013.

It is through a reflection on the past that we are able to design and construct a lens from which to look out into the possibilities and opportunities for this year and beyond. It is in this spirit that I invite you to explore this special New Year’s edition of Florida’s Bottom Line. Inside, you’ll find expert insight and an outlook on Florida’s economy, finances, workforce and housing market in the year ahead.

As we begin to write the next chapter of Florida’s future, we must continue to recognize that it is the collective ingenuity, perseverance and leadership of Floridians that lays the foundation for our economic future, shaping the advancement and prosperity of our great state. It is my hope that this edition of Florida’s Bottom Line will challenge you to look out at the opportunities ahead of us and equip you with the resources to do so throughout the New Year.

To read the latest edition of Florida’s Bottom Line, click here.

Jeff Atwater
Jeff Atwater
Chief Financial Officer
State of Florida

News of Interest

Forbes: Millenials Believe Business Can Do More

Florida Trend: Finding opportunities for Florida in international trade

Florida Times-Union: Crowd-funding festival to feature marketing, design experts

Tampa Bay Times: Florida's unemployment rate falls to 6.2 percent

Tampa Bay Business Journal: Charitable giving grows faster in Florida than rest of U.S.

Florida Economic Briefs

Florida’s unemployment rate falls to 6.2 percent
Florida’s unemployment rate continued to drop to near its 6-year low, dropping to 6.2 percent in December, down 1.7 percentage points from a year ago. Florida’s unemployment rate was 0.5 percentage point lower than the U.S. rate and was below the national rate for the ninth consecutive month. Over the year, 192,900 (+2.6 percent) jobs have been added in the state.

Source: Bureau of Labor Statistics

Florida’s consumer sentiment rises on expectations of improvement in national economic conditions
Floridians were more optimistic about the economy this month, with consumer confidence rising one point in January. The increase is a due to more Florida consumers feeling confident about improvements in economic conditions over the next five years.

Source: Bureau of Economic and Business Research