Jobs Rebound

REMEMBER WHEN THE UNEMPLOYMENT RATE WAS 3.3 percent? It hit that historic low in Florida in 2006 and it was all downhill from there. The region’s job market bottomed out in 2010, but in a very Southwest Florida-like economic recovery, the hospitality sector has led the way toward a brighter jobs outlook. … The glut of lower-paying positions is a nationwide trend, said that bank’s economists and others. Dr. Richard D. Coe, Ph.D., professor of economics at New College of Florida, said “a low-paying job recovery” actually began more than a decade ago, after the recession of 2001.