During the first half of the 2000’s, the economy in Florida experienced a boost like no other. Prices of homes went up 120% over the course of just 6 years. The demand for more and more construction was at an all-time high. But then that all changed when a financial crisis came about. Floridians felt the impact more than any other state. Unemployment went up to 11.4% for the state.
After several years of rebuilding, Florida is finally creeping out of the big hole that was dug. The employment outlook is positive. Naples leads the state of Florida with an expected rate of a 4.1% job growth. At one point the unemployment rate in Naples was 12.2 %, that rate was down to just 5.4% last month.