Flushing in Florida?

It's all gloom and doom in the Miami Herald today after recent job numbers indicate the state is last in the nation in job creation.

The top job-loss state in the nation. Shrinking wages. Collapsing population growth. Record home foreclosures.

Florida's economy is not just firmly and bleakly in the red ---- it will likely stay that way until next June, according to the state government's top economists who issued their most pessimistic financial forecast in years.

With few exceptions, the economists' Wednesday forecast shows that most economic indicators will do worse in this budget year when compared to a forecast they issued in February.

A good sign that the recent growth in Florida was built on a house of cards, this is right in line with the findings of our Best Cities analysis.

Link via Steve Bartin.

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