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Collection: Florida International University Webarchive
Description: This will be the fifth consecutive Labor Day in which the state of Florida continues to lag behind other states. Five years ago, the news was that the Great Recession was going to hit Florida harder, because it had relied so heavily on an inflated construction industry. Three years ago, the news was that Florida was breaking records in almost every economic indicator – but not in a good way. This year the news is that the recovery in Florida has been one of the most anemic in the country. Even though the Recovery officially began three years ago, Florida is still struggling with the aftermath of the greatest economic downturn since the Great Depression. Some economic indicators have started to show improvement, like unemployment rates and the Jobseekers ratio; however, others have worsened and Florida is still breaking records. The Recovery has not been a single recovery for all workers in Florida. In reality, our data show that the Recovery has been experienced differently, especially by gender and race. Three years of economic recovery have allowed us to evaluate how Florida has been recovering and where it seems to be headed. At this writing, the prospects are bleak. Florida seems to be headed into another decade of jobless recovery, wage and income stagnation, more low-wage jobs, less public services, and more disparities between demographic groups.
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Date: 3-Sep-12
Identifier: FIDC006623
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