Despite Positive Job Growth In Recent Months, People Are Quitting Jobs At Record Rates

/ Categories: Research, COVID Recovery, Blog

Often overlooked in favor of more eye-catching employment headlines such as unemployment rates and job creation numbers, job quitting rates are an indispensable part of understanding the overall economic recovery. Newly released national data from the U.S. Bureau of Labor Statistics (BLS) reveal the number of people quitting their jobs in November 2021 hit a record high of 4.5 million—far above any other level on record since data first started being recorded. Since the summer of 2021, a collective 21.3 million individuals have quit their jobs across the nation.

Corporate Income Tax Issues for the 2022 Legislature

Repeal the Impending Tax Increase and Fix the “Retail Glitch” and Like-Kind Exchanges

/ Categories: Research, Taxes, COVID Recovery

Federal corporate income tax reform, which had the general aim of broadening the base and lowering the rate, has reduced the federal tax burden on many corporations. However, since Florida adopted most of the base expansion measures without a concurrent rate reduction, federal tax reform has resulted in increased taxes at the state level, even after subsequent state refunds and rate cuts.

Beyond the Pandemic: Long-Term Changes and Challenges for Housing in Florida

/ Categories: Research, COVID Recovery

As unexpected and unpredictable as COVID-19 has been, few could have predicted the housing boom that the pandemic ignited across the nation. The U.S. housing market—notoriously known for its role in the 2007-2009 Great Recession—defied expectations and experienced record price growth over the past year as demographic trends, government policies, and basic supply and demand all coalesced. In the short term, soaring home prices have been well-documented both analytically and anecdotally.

Navigating Federal Pandemic Relief: Following billions in stimulus dollars, where do we go from here?

/ Categories: Research, COVID Recovery, Budget/Approps

The massive amount of federal funding provided in the six stimulus acts provides an unprecedented opportunity to improve Florida and fund programs and infrastructure that have had long-standing backlogs with few past feasible opportunities to address to this degree.

Beyond the Pandemic: Long-Term Changes and Challenges for Leisure & Hospitality

/ Categories: Research, COVID Recovery

Just as the nation was entering a new phase of the COVID-19 pandemic—one where vaccination rates were rising and pent-up demand for travel started to unleash during the summer—the contagious delta variant exposed tourism’s lingering economic vulnerability. 

Beyond the Pandemic—Long-Term Changes and Challenges for Postsecondary Training

/ Categories: Research, COVID Recovery, Economic Development, Education

Shifting demographics as the Baby Boomer generation exits the labor force will also fuel broader changes for the working population. For these reasons, the needs of the future workforce place a premium on human skills development—equipping individuals with the requisite skills to be prepared for a workforce full of disruption and displacement. Increasingly, postsecondary institutions and industry will both be crucial to training workers for an ever-evolving economy.

Beyond the Pandemic: Long-Term Changes and Challenges for Florida’s Workforce

/ Categories: Research, COVID Recovery, Economic Development

The third article in our Beyond the Pandemic series... In many ways, Florida's workforce looks starkly different from when it first entered the pandemic over a year ago. Challenges with controlling the spread of COVID-19 precipitated the widespread use of remote work and other digital formats across the state. These changes accelerated workforce trends that were present before COVID-19 (such as automation) and now foreshadow a future workforce that will constantly face disruption and displacement.

Beyond the Pandemic: Long-Term Changes and Challenges for K-12 Education in Florida

/ Categories: Research, COVID Recovery, Economic Development, Education

FOR STUDENTS, LEARNING IS A CUMULATIVE PROCESS WHEREBY KNOWLEDGE AND SKILLS ARE DEVELOPED OVER SUCCESSIVE YEARS. As such, any sudden and large disruption to in-person instruction can have a cascading effect on student learning and life outcomes beyond formal education. Due to COVID-19, the unprecedented disruption in learning, especially for K-12 students, raises concerns about what unfinished learning may mean for academic achievement, mental health, and social development in the future. So what happens now?

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