While Florida is outpacing the national average in jobs created, workforce quality continues to be the top concern among Florida small businesses, according to the Florida Chamber of Commerce’s Fourth Quarter Small Business Index Survey.
This is the 10th quarter out of 11 that small businesses have ranked this issue among their top concern.
Despite this concern, job creators expect higher sales than last year.
“It is likely that Florida will continue to outpace the U.S. in terms of job growth in 2020,” said Dr. Jerry Parrish, Chief Economist and Director of Research at the Florida Chamber Foundation. “Although Florida’s small businesses are not quite as optimistic about their outlook for the economy as in past surveys, 70 percent of them expect to have higher sales next year than during the previous year.”
While the probability of a recession and unemployment in the state is declining, according to the latest data on TheFloridaScorecard.org, economic uncertainty remains a top small business owner concern. Despite this concern, Florida’s overall economy is robust and expanding, and in fact, it has become the 16th most diversified economy in the country, and unemployment numbers continue to decline.