Courtesy of Michael Saunders & Company
News of our local economy has been decidedly upbeat of late, giving us another reason to be thankful as we look forward to the New Year. The unemployment rate in Southwest Florida declined by nearly a full percentage point in October—its lowest level in three months—even as retail sales enjoyed the biggest one-month gain in nearly four years. Meanwhile Chris Lafakis, an economist with Moody’s Analytics, predicts substantial growth in Florida’s economy due to a rebound in population growth and an increased willingness of people to travel to Florida for vacation. “The story of pent-up demand is true in no place more so than Florida,” he said.