Regional Economy Continues Expansion
10 of 13 Corporate Leaders Plan to Add Jobs in 2012
The regional economy will continue to expand for the next six months, as local employers ramp up hiring and domestic and international tourism reaches record levels, according to a local business group.
At a Monday morning meeting, members of the Council of Economic Advisors of the Greater Fort Lauderdale Chamber of Commerce indicated higher sales volumes, coupled with a workforce at capacity, will result in significant job growth among Broward businesses in 2012. Of the 13 key executives present for the morning meeting, 10 said they plan to add jobs during the coming year.
“Strong sales growth and workforce productivity are reasons for our optimistic outlook,” said Richard G. Clark, CEO of Clark Leadership Consulting, chairman of the Council. “We see a continuation of higher economic activity and employment expansion throughout the first half of 2012.”
Tourism industry representatives said visitors from abroad – especially Brazil – will likely push their results to record levels in 2012.
The group of C-level executives representing 10 market segments also felt consumer spending would continue to rise, but at a moderate pace.
“With home equity suspect and insignificant wage and hour movement, there is only so much debt consumers can saddle through credit cards,” said Chamber president & CEO Dan Lindblade. “The good news here is that we see indications of slight salary improvement, when previously there was none.”
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