South Florida’s economy is hot & only getting better

South Florida’s economy is only getting better 

Bottom Line: Your daily doses of nonsense in the media and my takes on them (on hold for today)... 

Excerpt: Competition for talent in South Florida continues to heat up. 

Of the metro-area employers surveyed by staffing company ManpowerGroup, 27 percent plan to hire more employees from October through December. That’s an increase from the 21 percent that said they planned to hire in the final quarter of 2017, according to a quarterly survey released Tuesday. Just 4 percent said they plan to reduce payrolls, while 68 percent said they expect to maintain current staffing levels. 

“We’re in a good economy,” said Tom Shea, president of Fort Lauderdale-based outplacement firm Right Management Florida/Caribbean, which is part of ManpowerGroup. “Talent is more important than ever, and companies are having a hard time attracting and retaining talent.” 

Hot Take: This is exciting for a few reasons. First the obvious. Good news is good news. But still better is that nationally the 4th quarter GDP growth was 2.9%. In Florida, we grew at 3.7% and South Florida’s tri-county area had the best growth in the state. That bodes especially well as the economy is growing north of 3% nationally and gaining momentum. There’s a lot to be excited about in South Florida as we head down the home stretch of 2018. Why would we want political change exactly?  

 

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