But housing and transportation remain concerns.
Florida passed its annual economic check-up with “flying colors,” says economist Sean Snaith, but it remains afflicted with a minor condition.
Snaith, the director of the University of Central Florida’s Institute for Economic Forecasting, believes the state economy is about as healthy as it could be.
“The labor market continues to thrive, unemployment rates are in the low 3% range, and job growth is nearly double the pace of the national job market, which is quite healthy as well,” he said in his year-end Florida & Metro Forecast. “Florida’s economy now produces in excess of $1 trillion of output annually and ranks No. 1 in net migration.”
But the state is experiencing what he calls an episode of economic