Economy

Florida's Economy Reaches $1 Trillion

Jul 18, 2018

Florida’s economy has reached the $1 trillion gross domestic product milestone, according to the Florida Chamber of Commerce Foundation.

“Becoming a $1 trillion economy means Florida is continuing to grow and create jobs, keeping unemployment lower than the national average, and creating economic opportunity,” Jerry Parrish, the foundation’s chief economist, said in a press release.

Seminole County is the first US government agency to accept cryptocurrency as payment for county services. And according to a coinmap.org study, Tampa and Miami are ranked in the top 10 bitcoin-friendly cities in the world. With cryptocurrency usage growing,  Florida’s Chief Financial Officer plans to regulate the industry.

South Florida's unemployment rates dropped more than half a percent in the past year, according to job figures released Friday by the Department of Economic Opportunity, contributing to a shortage of labor and rising wages in some industries.

Advocacy organization The Poor People’s Campaign has taken up the cause of calling for a $15 minimum wage. A group advocating for small businesses doesn’t share that sentiment.

Unemployment in Miami-Dade has never been lower.

Unfortunately, the same can also be said of incomes.

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