December
12/15/2008 
In this issue:

• Economic recession spreads across major and emerging market economies threatening a deep and protracted contraction.
• Local economic indicators continue to reveal a significant contraction in economic activity.
• Local housing values continue to decline reflecting excess supply of vacant units, and distress and foreclosure sales.

September
09/24/2008 
In this issue:

• Local residential construction remains weak and foreclosure problems persist.
• The Housing and Economic Recovery Act of 2008 was signed into law with the goal of stimulating economic recovery and providing foreclosure relief.
• Revised U.S. GDP estimates suggest U.S. recession began during the last quarter of 2007 and new estimates continue to reveal a weak economy.

July
07/03/2008 
In this issue:

• The recent steep rise in crude oil prices worries economic policymakers in U.S. and across the world.
• Local consumer prices have risen nearly 5% compared to last year and the rate of inflation has accelerated in the last few months.
• U.S. inflation accelerates in May compelling Federal Reserve Bank to halt cuts in interest rates.
• Local job losses continue for a fifth consecutive month and the number of unemployed rose to 57,200 (16,700 more than in May 2007) even as the unemployment rate held steady at 4.7%

May
05/30/2008 
In this issue:

• Miami-Dade payroll employment declines in April and unemployment rate rises to 4.7%
• Personal bankruptcy filings in Miami-Dade continue to rise
• Foreclosure filings rise again in April, median sales price of single family homes fell sharply in April and volume of realtor sales continue at historically low levels
• Taxable sales in Miami-Dade decline in March
• Planning Department research identifies missing residential units from preliminary 2010 Census files that could yield millions of dollars in additional federal aid

05/09/2008 
In this issue:

• Latest U.S. trade data shows export sales declined in March, but trade deficit narrowed
• International trade growth important to local economic outlook for 2008
• Airport and seaport cargo activity in March
• Energy prices continue to climb

05/02/2008 
In this issue:

• Foreclosures and bankruptcies in Miami-Dade continue to rise
• Advance estimate of U.S. GDP growth in the first 3 months of 2008
• Interest rate policy: between a rock and a hard place
• Consumer confidence continues to decline

April
04/26/2008
In this issue:

• Taxation and Budget Reform Commission puts McKay proposal on ballot
• Local employment growth moves into negative territory
• Local construction data show residential real estate sector has not hit bottom yet
• U.S. economic indicators continue to signal weakening economy