Port St. Lucie Named in “Best Cities For Future Job Growth
And Retirement Location”
Source: Forbes Magazine
(Forbes Magazine) The U.S. economy reached a milestone last spring when employment surpassed its pre-recession peak set in January 2008. It was a long, slow recovery from the deepest recession since World War II. One of the hardest hit areas during the recession was Florida as the housing bubble burst, damaging one of Florida’s chief sectors in construction, and cash-strapped tourists cut back on vacations. But the Sunshine State has roared back and is expected to be among the leading states for job creation over the next few years.
Florida is home to six of the top 10 metro areas when it comes to the highest forecasted employment growth. Leading the way is retirement hot spot Naples with projected annual gains of 4.6% through 2017, according to Moody’s Analytics. “Areas like Naples are adding jobs at a faster rate because of the population growth among baby boomers,” says Moody’s Analytics economist Kwame Donaldson, who focuses on the Florida market.
Retirees fuel jobs in industries that service the local economy like construction, retail and healthcare. “These retirees are like permanent tourists,” says Donaldson. “You get all of the benefits of migration without many of the costs like competition for wages or strains on the justice and education systems.”
Other Florida metros with a heavy retirement presence that rank among the areas with the best job forecasts include: Cape Coral (4.4%), Ocala (3.9%), Port St. Lucie (3.7%) and North Port (3.6%).
Note: The lifestyle in St Lucie offers golf, tennis, beaches and attractions such as Mets Spring Training, the PGA Golf Museum, and the Navy UDT Seal Museum. The location is convenient with West Palm beach 45 Minuets to the south on I-95 and Orlando an hour to the North. Both I-95 and the Florida Turnpike have exits in Port St. Lucie. Real Estate Information can be found at Find Homes and Condos in St Lucie