Oct 21, 2020 - 0 Comments - Economy -

Chart: August Miami-Dade Unemployment Level Reaches Lowest Level Since March

Miami-Dade County, Florida Unemployment Rate Year Ending August 1, 2020

From its peak of 14.5% reached in only the prior month, the unemployment rate in Miami-Dade county plummeted in August (8/1) to 8.1%, the lowest level since March when unemployment had jsut started to creep up but was still in low single digits (3.7%). The continuing effects of COVID-19 on employment, and thus the economy, in the Miami area continue can be seen, to be sure, but this is improvement, considerable. Though there is a new surge in infections, we seem to be figuring out how to navigate all this, thus hopefully any future effect will at least be muted.

Here’s hoping.