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JULY 16, 2010

Florida's unemployment rate at 11.4 percent - false hope or recovery underway?

Re: Florida's unemployment rate drops to 11.4 percent

Until now, many of the economists I talk to have been rather cautious about declaring a recovery in Florida's jobs market is underway.

To be sure, there are plenty of signs that the rate may spike higher later this year, especially as discouraged workers who've left the labor force start looking again. But after back-to-back-to-back drops in the unemployment rate, hope appears to be building that the worst is past.

 

 

 

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