My Florida C F O

Dear Fellow Floridians:

This week, it brings me great pleasure to introduce our five-year anniversary edition of Florida’s Bottom Line, our award-winning, quarterly online economic magazine. Over the past five years this publication has provided Floridians with an inside look at everything from Florida’s infrastructure, financial markets and international trade to Florida's Bottom Line's five-year anniversaryFlorida’s veteran-owned businesses, small businesses and much more. I’d like to thank everyone who has partnered with us to make this publication a success, and I’d like to thank the tens of thousands of readers who have shown a continued interest in the financial health of our great state. We are very proud that our website has been visited over 140,000 times since its launch. If you haven't taken a look, I invite you to check it out.

When I took office in 2011, Florida remained in the midst of a recession that hit our state more severely than other states. We had some of our highest unemployment rates, our lowest GDP, and a housing market that was slowly starting to rebuild. In the years since, Florida’s economy has seen a remarkable recovery, which we have followed intently over the last five years.

During our initial launch of this publication, our goal was to provide current information and in-depth analysis on Florida’s economy to all Floridians. We decided to embark on this journey because these topics were vitally important to consumers, businesses, and community leaders, but there was no commentary or information readily available for consumption. With that goal in mind, we have been steadfast and dedicated to providing you with the most relevant information on a quarterly basis. In total, we have released 21 editions, in addition to five special editions, that have featured more than 80 guest author articles from scholars, business leaders, top government officials, and even former Governor Jeb Bush.

As is fitting for our five-year anniversary edition of Florida’s Bottom Line, I plan to recap the journey that we have been through, the obstacles that we have overcome, the challenges that we have conquered, and the achievements we have earned. While this edition may be focused on how far we have come as a state, there is still more work to be done, and I am sure that we will continue to grow and build on the foundation that we have so carefully cultivated in recent years. I am proud of the prosperity of our great state and know the best is yet to come as we stay on course.

I hope you will take a couple minutes out of your day to read our latest edition here.


Jeff Atwater
Chief Financial Officer
State of Florida

Operation S.A.F.E., Be Scam Smart Workshops

Florida Chief Financial Officer Jeff Atwater invites you to participate in Operation S.A.F.E., Be Scam Smart, a free workshop for seniors, their families, and caregivers.

The Florida Department of Financial Services launched Operation S.A.F.E. (Stop Adult Financial Exploitation) as part of CFO Atwater’s On Guard for Seniors initiative. Be Scam Smart workshops help inform, empower, and protect Florida’s seniors from financial scams and fraud. If you want to make sure your savings are protected, register for this workshop and get a better understanding of how scam artists and scams work.

Operation S.A.F.E.Be Scam Smart by learning more about:

  • How to Spot Fraudulent Behavior
  • Common Scams that Target Seniors
  • How to Fight Identity Theft

Feedback from seniors who attended a Be Scam Smart workshop:

“Savored every moment of this workshop. The information was needed and vital for seniors’ and consumers’ financial survival.” - West Palm Beach

“Presentations were great & well timed. Excellent information we all need to know.” - Pensacola

“Every senior in the city and state should attend the Be Scam Smart Workshop.” - Jacksonville

“Thank you for alerting us to the scam we as seniors are exposed to.” - Brandon

Find out more about us in the About Us section or Register for an upcoming event, including the following workshop:

  • Tuesday, November 15 - Ormond Beach
    10:00 a.m. - 11:30 a.m.
    City of Ormond Beach Commission Chambers
    22 S. Beach Street, Ormond Beach, FL 32174
    Register | Directions | Flyer

  • Wednesday, November 16 - Palm Coast
    11:00 a.m. - 12:00 p.m.
    Palm Coast Community Center
    305 Palm Coast Parkway NE, Palm Coast, FL 32137
    Register | Directions | Flyer

Florida Economic Briefs

Florida expected to outpace the nation in economic growth
Florida’s leading index is expected to increase by 2.0 percent over the next 6 months, 0.8 percentage points higher than the national prediction of 1.2 percent. Leading indexes predict the six-month growth rate of the state’s coincident index, which is a summary of current economic conditions.
Source: Federal Reserve Bank of Philadelphia

National unemployment rate falls in October
In October, the unemployment rate fell to 4.9 percent, down 0.1 percentage points from the previous month, and down 0.1 percentage points from last year (5.0 percent). Florida’s unemployment rate for October will be released on November 18.
Source: Bureau of Labor Statistics