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Forecast: Florida job growth will outpace nation next year

Florida Jobs
Posted at 3:33 PM, Dec 27, 2021
and last updated 2021-12-27 15:33:39-05

ORLANDO, Fla. (AP) — Job growth in Florida will outpace the national economy, and unemployment will continue to decline in 2022.

That's according to a new forecast released earlier this month by the Institute for Economic Forecasting at the University of Central Florida.

It says Florida’s unemployment rate, which stood at 4.5% in November, is expected to continue falling in 2022.

The forecast also says housing starts will pickup, but not quickly enough to satisfy robust demand in the short run. Inventory for single-family homes is so scarce in Florida there was only a 1.3 month supply in October.