While Jacksonville area unemployment has crept higher this year from a record low in 2022, the economic outlook for 2024 is optimistic, but with concerns.
A monthly survey of Northeast Florida manufacturers by the University of North Florida’s Local Economic Indicators Project showed the business activity outlook for the next 12 months is positive.
“The fact that businesses are busy with solid demand for finished goods is a positive sign for the Jacksonville economy, as it often leads to more jobs, higher wages, and increased spending,” UNF economist Albert Loh said in a report on the survey.
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