The culprit appears to be unemployment, which reached nearly 12%statewide in January even as the rest of the US fell slightly below10%. Now Florida, which has always been to outshining the rest ofthe nation, is starting to feel like it's on the down side.
"This month, Floridians may be coming to terms with thepossibility that Florida's economy will not recover at the samepace as other states," says Chris McCarty, who directs the surveyfor the University of Florida's Bureau of Business and EconomicResearch in Gainesville. He points out that expectations of USeconomic conditions and personal finances declined for February,while perceptions about buying big-ticket consumer items roseslightly.
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