Miami-Dade County’s seasonally adjusted, non-farm unemployment rate dropped to 5.9 percent in August, down from 6.1 percent in July, according to state numbers released Friday.
Federal regulation has exacted a “staggering” toll on the U.S. economy to the tune of 2 percentage points a year from 1949 to 2005, University of Central Florida economist Sean Snaith reports in a recent forecast.
The unemployment rate dropped in Miami-Dade County last month as the economy kept growing — but underlying trends behind the statistics suggest that jobless numbers won’t fall much further.
The promised financial impact of the All Aboard Florida train is large: $6.4 billion infused into the state’s economy by 2023, $2.4 billion in pay, benefits and taxes for labor through 2021 and 10,000 construction jobs each year through 2017.
No one can forget the collapse of the housing market that precipitated the most catastrophic financial crisis in recent history. Ironically, the same industry is nursing local economies back to good health.