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Wednesday's Afternoon Update


Wednesday s Afternoon Update
| 3/3/2021
February consumer confidence plummets to early days of COVID-19 era
Consumer confidence among Floridians plummeted 5.4 points in February to 77.2 from a revised figure of 82.6 in January. Similarly, consumer sentiment at the national level experienced a decline of 2.2 points. “Consumer sentiment in February is only nine-tenths of a point higher than April’s reading, the lowest level observed last year as a result of the economic damage brought by the pandemic. The drop in February wiped out almost all the gains since the index bottomed out in April,” said Hector H. Sandoval, director of the Economic Analysis Program at UF’s Bureau of Economic and Business Research. All five components that make up the index decreased. More from UF News and Florida Politics. ....

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Wednesday's Daily Pulse


Wednesday s Daily Pulse
| 3/3/2021
Florida Legislature gavels into session with key bills looming
The Florida Legislature opened a 60-day session Tuesday that will take on the business of running the country’s third most populous state while tackling a slate of potentially controversial measures from shielding businesses against COVID-related lawsuits to clamping down on protesters who turn violent. During his State of the State address, Gov. Ron DeSantis said he would looking forward to working with lawmakers on the key issues facing their state. [Source: AP]
See also:
New poll shows 53% of Florida voters approve of DeSantis, a big increase from July ....

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Tuesday's Daily Pulse


Tuesday s Daily Pulse
| 3/2/2021
Florida’s unemployment fix could cost $244 million
State officials are asking for up to $244 million over the next five years to overhaul the unemployment system that failed for millions Floridians during the pandemic last year. During a Monday hearing before state senators, Department of Economic Opportunity Director Dane Eagle said the online unemployment system, known as CONNECT, “did a disservice to the people of Florida.” He said the system wasn’t worth saving, comparing it to an iPhone purchased in 2013 that had hardly been updated. The solution, he told senators, was spending up to $73 million on a new system, plus $24 million in maintenance and $146 million over five years in additional costs brought on by the pandemic. More from the Tampa Bay Times, the South Florida Sun-Sentinel, and the Orlando Sentinel. ....

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Monday's Afternoon Update


Monday s Afternoon Update
| 3/1/2021
Fearing COVID-19 surge, Florida officials crack down on spring breakers
Though many colleges have canceled spring break to prevent students from congregating in vacation spots, officials here are expecting a large influx over the coming weeks. Flights and hotels are cheap. Brutal winter storms in much of the country left people yearning for an escape. And Florida’s pandemic rules on bars and nightclubs are more lenient than those in many states. More from the Wall Street Journal and WPLG.
Florida gas prices highest since summer 2019
Gasoline prices continue to grow more expensive as February proved to be the priciest month at Florida pumps since July 2019. Florida gas prices over the month climbed an average of 24 cents per gallon, with the average at $2.61 according to a AAA report. Since Jan. 1, the state average has increased by 41 cents. Nationally, the most expensive prices are in California with an average of $3.69 ....

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