Employment grows in Florida after months of decline due to pandemic

Must read

There’s a boom in selling new houses. How will it influence prices?

The sale of new houses in the United States has soared to levels not seen since 2006. Several factors contributed to this trend-building situation...

US fines BMW with $18 millions for inflating sales figures

BMW will pay an $18 million fine to resolve allegations that it inflated its monthly sales figures in the United States for five years...

What will Christmas shopping be like during the pandemic?

The coronavirus pandemic has impacted consumer behavior and retailers will offer more options for Christmas purchases such as digital markets, social media products, and...

Poverty rate fell in the United States to historic lows

The United States achieved the lowest poverty rate in 2019 since they were published by the Census Bureau in 1959, that federal office said...
Florida Times
Florida Timeshttps://floridatimes.news
This article was written by the Florida Times. If you want to replicate this content, be sure to link to this story to preserve the original source.

Florida’s unemployment rate fell 7.4 percent in August, according to the Department of Economic Opportunity. This confirms that you have recovered half of the jobs lost during confinement.

Among other indicators, a 1.4 percent increase in the workforce is detected. That means 143,000 Florins entered the labour market. The data is significant when compared to those of the destruction of employment by the pandemic.

Florida lost 1,178,100 jobs from February to April 2020 and has since recovered more than half of the lost jobs (+631,600). For their part, Florida companies gained 46,000 workers in the private sector in August.

Compared to the national job creation rate, the State of Florida declined below the national average of 5.8 percent from 7.4 percent in the rest of the country.

The Department’s report showed other encouraging indicators in August. The hospitality and leisure sector, the most affected, recovered 278,500 jobs, 50.6 percent of those lost.

Employment grows thanks to innovative people

For its part, business and professional services recovered 73,200 jobs, 48.5 per cent of jobs lost during the pandemic, while health and education services recovered by 72.9 per cent.

“Florida job creators have faced significant challenges this year, forcing many of them to make tough strategic decisions. However, today’s employment data reflects his commitment to Florida families”

Said Dane Eagle, Executive Director of Florida’s Department of Economic Opportunities.

Under governor DeSantis‘ leadership, I hope to protect Florida’s business environment and work with our partners across the state to help improve the lives of Florins, strategically invest in our communities, and transform Florida’s economy for the future,” Director Eagle said, according to the Department’s note.

Between March and April, the United States, the world’s largest economy, lost some 22 million jobs to the impact of the pandemic, and since then employers have added some 11 million jobs, but the pace of hiring has slowed over the summer.

Weekly applications for unemployment benefit in the United States fell to 860,000 last week, compared to 893,000 in the previous week, as the reopening of pandemic-affected economic activity continues, the Department of Labor reported on Thursday.

Latest article

Walter Mercado’s horoscope: here what the universe holds for you this Monday 05-10-2020

Walter Mercado's horoscope is undoubtedly a guide for the followers of the late astrologer. Betty B. Mercado, niece and collaborator of Walter Mercado, continues...

Delta Storm forms in Caribbean and Cuba is on hurricane alert

Tropical Storm Delta formed in the northwest Caribbean Sea on Monday and could turn into a hurricane as it passes near Cuba, which is...

What about the check? House of Representatives approves $2.2 trillion economic relief package

The House of Representatives narrowly approved on Thursday an amended version of an economic relief package against the COVID-19 pandemic for $2.2 trillion, which...

Moderator Chris Wallace fails to stop interruptions in first debate

He is known as a tough interviewer, but Chris Wallace struggled Tuesday night to moderate the presidential debate, without being able to control a...

Poll: Americans fear foreign interference

Most Americans are at least concerned about the potential for foreign interference in the November election and most believe that Russia tried to influence...

What is the experimental antibody treatment given to the president Donald Trump

After being diagnosed as positive for COVID-19, President Donald Trump received an experimental drug, the White House said this Friday. "As a precautionary measure, it...