Jul 30, 2020 - 0 Comments - Uncategorized -

Chart: June 1 Miami-Dade Unemployment Level Remains Steady Following Intial COVID-19 Surge in April

Miami-Dade County, Florida Unemployment Rate January 1, 1990 to June 1, 2020
Miami-Dade County, Florida Unemployment Rate Year Ending June 1, 2020

The continuing effects of COVID-19 on employment, and thus the economy, in the Miami area continue can bee seen in the June 1 unemployment rate of 11.5% for Miami-Dade county, down slightly from the prior month’s 12.0% level. This is little changed from levels reached in April as unemployment levels made an initial jump due to the effects of the pandemic. At the moment, there is a surge in infections in South Florida. However, effects on commerce seem to be built in at this point, thus hopefully this is about as bad as it will get. As big of a risk at the moment might be the expiration of PPP programs and the like as the pandemic continues, as this would surely result in layoffs so far otherwise deferred.

“Due to economic cutbacks, the light at the end of the tunnel has been turned off.”

~Author Unknown

Strap in.