The U.S. Department of Labor (DOL) reported the lowest number of initial unemployment claims in Florida since the week that ended March 14th, 2020.
According to the DOL, the week that ended June 5th recorded an estimated 5,800 initial unemployment claims, which is down from a revised number of 8,257 claims from the week before.
Jobless claims in Florida continue to decline week-to-week as the U.S. Department of Labor recorded the lowest number of claims in a week since the week that ended on March 14th, 2020.
The number of unemployment claims for the week that ended May 22nd was 8,864, which is down from the previous week that has a revised count of 14,561 claims.
Governor DeSantis lifted the COVID-19 restrictions in the state of Florida and industries look to begin returning back to normalcy starting with the issue regarding unemployment claims. According to the U.S. Department of Labor, for the week that ended May 1st, 2020, there were approximately 18,355 first-time unemployment claims in Florida and 116,304 unemployment claims by individuals who had already filed an initial unemployment claim, also known as insured claims.
The 18,355 initial unemployment claims from that week is a 9,662 decrease from the 28,017 initial claims from the week before and the number of insured claims decreased from 129,628 in that same week. The decrease in new claims reflects the national number of new claims during that week which was 498,000, a decrease of 92,000 from the prior week and the lowest number of initial claims since March 14th, 2020 when the number of new claims was only 256,000.