Fishkind’s Economic Conversations: Pandemic’s wave of inland migration set to continue into 2022 – Central Florida News – Fishkind Economic Commentaries

Florida population growth.

The US population grew only 0.1% in 2021. This is the lowest rate on record according to the Census Bureau report released last week. Birth rates have slowed since 2007, and this year COVID-19 became the 3rd leading cause of death.

Seventeen states lost their populations, while in other states, including Florida, population growth slowed.

Economic analyst Hank Fishkind, president of Fishkind Litigation Services, said the Census Bureau report shows how the pandemic is reshaping demographics.

Florida’s population grew by 211,000 in the 12 months ending July 1, 2021; well below the annual average since 1970 of 300,000.

“Even with a slowdown in population growth, what was really interesting was that we had a huge net increase in the number of people settling in Florida, which partially offset the decline in international migration and the shocking increase in deaths in our state, ”said Fishkind.

“And that caused our natural increase to turn negative from 45,000 last year.”

Fishkind said the pandemic has encouraged people to move from high house prices and high tax rates to states with more affordable housing and lower tax rates, like Florida.

He said this trend is expected to continue in 2022.

“We have a growing number of people over 65; which promotes more migration, especially to the south and west. The pandemic has shown that working from home works for both employers and employees. And so, therefore, saves them from having to locate in more expensive areas. And it is transforming our labor markets.

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