A collection of news stories from around the state, focusing on the budget cuts and other news of interest to UF faculty, students, staff, and alums.

Thursday, July 17, 2008

Florida job losses fuel gloomy forecast, Miami Herald

By Mark Caputo
July 17, 2008

ALLAHASSEE -- The top job-loss state in the nation. Shrinking wages. Collapsing population growth. Record home foreclosures.

Florida's economy is not just firmly and bleakly in the red ---- it will likely stay that way until next June, according to the state government's top economists who issued their most pessimistic financial forecast in years.

With few exceptions, the economists' Wednesday forecast shows that most economic indicators will do worse in this budget year when compared to a forecast they issued in February.

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