Orlando's economy improves throughout the year
Residents of the Sunshine State are in luck. Economic indicators create a portrait of improving local and state economies. As conditions continue to improve following the housing bust of 2006, locals may want to consider buying a new home due to current high levels of affordability. Check out the MLS listings in Orlando to find the right property close to work, school and other amenities.
Exports made in Florida increased 3 percent in March 2012 to $5.81 billion from $5.63 billion in February 2012, the Orlando Business Journal reports. Consequently, exports also increased 9 percent in March in a year-over-year comparison. These figures indicate the eventual improvement of the state economy across multiple key facets such as corporate profitability and resulting acceleration of job creation.
According to the United States Department of Labor, there were 1,022,600 total nonfarm workers in the Orlando-Kissimmee-Sanford areas in Florida in May 2012. This is a 0.4 percent improvement from 12 months ago. Approximately 38,100 locals were employed in the manufacturing industry in May 2012, up from 38,000 the previous month.