Florida’s economy continues to evolve rapidly, and Nexus 360 is here to ensure business leaders stay one step ahead. Review the latest headlines below.
Since our last update, several major developments have impacted both the national and state economies. Geopolitical unrest has seemingly calmed and the national economy continues to showcase remarkable resiliency. Oil prices have continued to decline, and the Federal Reserve is expected to consider rate cuts later this summer.
On the other hand, housing data continues to raise concerns with increases in the time to sell, decreases in sales prices and a lack of movement on interest rates.
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Consumer Confidence Continues to Bounceback:
Florida’s consumer sentiment (measured by the University of Florida’s Bureau of Economic and Business Research) continued to rebound month-over-month, with consumers feeling more positive about both the future of the overall economy and their own personal finances. This marks the second consecutive month of gains in consumer sentiment.
The rise in consumer sentiment mirrors the growth of the Dow Jones Industrial Average (+15% over 90 days), S&P 500 (+21% over 90 days) and NASDAQ (+27% over 90 days). Nexus 360 will continue to monitor consumer sentiment as stock market growth volatility is typically expected in August and September.
Florida Unemployment Holds at 3.7%
Despite reporting 20,000 fewer jobs month-over-month, Florida’s unemployment rate held at 3.7% in June 2025. The disparity between job growth in Florida’s major metros versus non-major metro regions continues. Below is a graphic and examples of year-over-year job growth:
- Orlando MSA: +31,600 jobs
- Miami MSA: +20,300 jobs
- Tampa MSA: +14,700 jobs
- St. Johns County (St. Augustine): -999 jobs
- Volusia County (Daytona Beach): -1,155 jobs
Finally, it’s worth noting that Florida has 39,000 more residents in the unemployment line compared to this time last year.
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