State Benefits to be Reduced Due to Low Florida Unemployment Rate

The Florida Department of Economic Opportunity announced earlier this week that an algorithm to determine the number of weeks of benefits will revert back to its pre-pandemic rate.

According to state law, when the state unemployment rate is below five percent, the number of weeks for an eligible Floridians to receive benefits is 12 weeks.

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Jobless Claims Falling in Florida

Man In Suit

A new report from the U.S. Department of Labor shows jobless claims in Florida are down from the week ending on July 3. There were 6,739 jobless claims filed by July 3, down to 6,430 for the week ending on July 10.

Across the country, 360,000 new claims were filed, which is down 26,000 from the previous week. This is the lowest the country has seen its jobless claims since the start of the pandemic, indicating the recovery of the economy is slowly getting back to pre-pandemic levels.

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