Jobs Report

Florida's unemployment rate continued to drop in December, according to the new figures released by the Department of Economic Opportunity.

The state jobless rate dropped from 5.8% in November to 5.6% last month. That matches the national unemployment figure. DEO Commissioner Jesse Panuccio says in the western Panhandle, the numbers and job growth reflect the statewide trends and then some.

University of West Florida

In this week's Economic Report, Dr. Rick Harper discusses the recent flood event and the expected high cost of repairing the damage to roads, infrastructure and other government and private property, likely in the hundreds of millions of dollars in each case.

The unexpectedly large volume of rainfall, up to 27 inches in some areas, brought floodwaters to some areas that had never flooded before. That means many homeowners will be forced to foot the bill for repairs themselves.