By most economic measures, the state of Florida isn’t expected to return to normal for at least another couple of years following the Great Recession. That’s the outlook the state’s chief economist delivered to the Legislative Budget Commission today.
After falling steadily, Florida’s unemployment rate has stagnated at around 6 percent recently. That’s in line with the national rate. And the Legislature’s chief economist, Amy Baker, says there’s a good reason the unemployment rate hasn’t continued falling.