Florida’s job market is improving. Home prices are bouncing back. Yet Florida consumer confidence is in the midst of a four-month slide.
A University of Florida index of consumer confidence fell one point in September to 76, and Chris McCarty, director of UF’s Survey Research Center, said the dip reflects softness in Florida’s recovery.
On the jobs front, the state’s jobless rate is falling in part because job seekers are dropping out of the work force, he said. And home price gains have slowed, too.
“The decline is definitely a trend and one that is now being reflected in other economic data,” McCarty said. “The decline is once again concentrated among lower-income households who are particularly pessimistic about their current and future personal finances.”
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