St. Petersburg Times
Special report
Video report
  • For their own good
    Fifty years ago, they were screwed-up kids sent to the Florida School for Boys to be straightened out. But now they are screwed-up men, scarred by the whippings they endured. Read the story and see a video and portrait gallery.
  • More video reports
Multimedia report
Print Email this storyEmail story Comment Letter to the editor
Fill out this form to email this article to a friend
Your name Your email
Friend's name Friend's email
Your message
 

Forecast calls for a vibrant Florida

By Christina Rexrode
Published June 27, 2007


ADVERTISEMENT

Never mind $3-per-gallon gas or a sluggish housing market. It's going to take more than that to slow down Florida's economy.

That's the theory of a researcher at the University of Central Florida, whose first 30-year economic forecast for the state will be published today.

Sean Snaith, the forecast's author and the director of UCF's Institute for Economic Competitiveness, says the "soft landing" the state is now experiencing shouldn't have any dire long-term consequences. The population, labor force and gross state product will increase significantly over the next three decades. Manufacturing, he says, will be the only industry to lose jobs.

Unemployment will rise, too, but "it's not going to be anything earthshaking, " Snaith said.

But don't expect Florida to shed its reputation as a retiree haven: In the Tampa Bay area, the percentage of residents in the labor force will drop from about 49 percent to 46 percent in the next 30 years, mirroring national trends.

"It's not going to turn into some hipster place, " Snaith said.

Next 30 years look strong

University of Central Florida researcher Sean Snaith expects the state's population, labor force and gross state product to increase over the next 30 years. He expects the bay area (Pinellas, Hillsborough, Hernando and Pasco), below, to reflect that trend:

 

20072036
Population 2.8-million 4.2-million
Labor force 1.35-million 1.9-million
Unemployment rate 3.5 percent 3.9 percent
Real per-capita income $31, 000 $56, 900
Gross metro product $105-billion $292-billion

Source: Florida & Metro Forecast: 2007-2036

[Last modified June 27, 2007, 17:02:44]


Share your thoughts on this story

[an error occurred while processing this directive]
Subscribe to the Times
Click here for daily delivery
of the St. Petersburg Times.

Email Newsletters

ADVERTISEMENT