Florida’s Consumer Confidence Drops

Florida’s consumer confidence fell in March, by three points to 70, as the state’s bleak unemployment rate cast doubts about the long-term health of the economy and people’s ability to make major household purchases, according to a new University of Florida survey.

“The decline in optimism is almost certainly related to persistent elevated levels of unemployment in Florida and the perception that jobs are neither secure nor widely available,” said Chris McCarty, survey director of UF’s Bureau of Economic and Business Research.

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