April 26, 2024

New jobless claims stay at pre-pandemic level

Florida continues to see pre-pandemic levels of unemployment claims, with an estimated 4,092 first-time applications for benefits submitted last week.

The estimate for the week that ended Aug. 14 was down from a revised count of 5,905 for the week that ended Aug. 7, according to a report released Thursday by the U.S. Department of Labor.

The federal agency initially reported 4,381 new claims during the week that ended Aug. 7. Even with the revision, Florida has had two consecutive weeks of the lowest numbers of unemployment claims since February 2020.

The state Department of Economic Opportunity marks the start of the pandemic for unemployment purposes as March 15, 2020.

For the past four weeks, Florida has averaged just under 7,000 new claims a week. Nationally, the labor department estimated the number of new claims for the week ending Aug. 14 at 348,000, a decrease of 29,000 from the previous week.

The federal agency said that was the lowest level of initial claims since March 14, 2020, when it was 256,000. Florida had 6,463 claims during the week that ended March 14, 2020.

The following week, claims jumped to 74,313. The influx peaked during the week that ended April 18, 2020, when 506,670 claims rolled in.

The state Department of Economic Opportunity will release a July unemployment report on Friday.

Tags: News Service of Florida

Florida Business News

Florida News Releases

Florida Trend Video Pick

PSTA announced electric fleet plan
PSTA announced electric fleet plan

The Pinellas Suncoast Transit Authority is going all-electric after receiving a $1.5 million grant.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Do you think recreational marijuana should be legal in Florida?

  • Yes, I'm in favor of legalizing marijuana
  • Absolutely not
  • I'm on the fence
  • Other (share thoughts in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2024 Trend Magazines Inc. All rights reserved.