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Economists expected weak US job growth at best in January as Omicron surged, but a new report shows the economy added a significant 467,000 jobs instead. Tourism numbers are also sky-high, but so’s inflation…and the unemployment rate also ticked up a little. Economic analyst Dr. Hank Fishkind explains what this all means for Central Florida.
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As expected, last week the Federal Reserve confirmed its plans to raise interest rates and shrink the money supply as soon as early March. Economic analyst Dr. Hank Fishkind explains how soon the rates will rise, and how that will affect Central Florida.
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Florida’s job growth seemed to fall off a cliff in December – just under 12,000 jobs were created, compared to 50,000 in November. Economic analyst Dr. Hank Fishkind tells us what’s behind the slowing growth, how worried we should be about it, and what’s coming next.
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Economic growth has rebounded strongly, but the recovery remains incomplete. Across the country, employment is still two percent below pre-pandemic levels. Florida has done better recouping at the state level, recovering 99% of the jobs lost. But economic analyst Dr. Hank Fishkind says the recovery is still incomplete in Florida, as well…and especially here in Central Florida because of our tourism-centric economy.
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US job growth slowed in December, but the unemployment rate fell to 3.9 percent at the same time. This may sound confusing, but economic analyst Dr. Hank Fishkind says there are several reasons that unemployment is still dropping even as job growth slows. It all starts with the high demand for labor.
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90.7’s economic analyst Hank Fishkind spoke with our reporter Danielle Prieur about possible challenges and successes the year may bring, along with some economic advice for listeners.
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The US population grew by just 0.1 % in 2021. That’s the lowest rate on record according to the Census Bureau’s report released last week. Economic analyst Hank Fishkind, president of Fishkind Litigation Services, said the report shows how the pandemic is reshaping demographics.
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Economic news has been on a rollercoaster ride recently. Inflation, interest rates, unemployment, and President Joe Biden’s Build Back Better bill all saw major changes this week, and they’ll all affect Central Florida’s finances. Economic analyst Dr. Hank Fishkind explains how.Economic analyst Dr. Hank Fishkind updates WMFE’s Nicole Darden Creston, starting with Sunday’s surprise announcement that Build Back Better has been derailed by a single vote.
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Governor Ron DeSantis recently unveiled his $99.7 billion proposed state budget for the fiscal year beginning July 1st 2022. In his budget message, DeSantis says his proposal “puts Floridians and their freedoms first, keeps taxes low, and addresses key priorities – all while maintaining record budget reserves.” Economic analyst Dr. Hank Fishkind explores whether the governor’s proposal lives up to its description.
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The rapid spread of the COVID-19 Omicron variant and November’s unexpectedly weak employment report are combining to cause concern among economists. There’s a fear the economic recovery may stall. But economic analyst Dr. Hank Fishkind says the news is not quite as worrisome as it may seem.